Tag: Boeing

Saudi’s Boeing deal to create 100,000 jobs in US, says Princess Reema

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Riyadh: The Kingdom of Saudi Arabia’s Ambassador to the United States Princess Reema bint Bandar has said that the recent Saudi deal with Boeing to create around 100,000 direct and indirect jobs in the US.
On Friday, Saudi Ambassador to Washington, Princess Reema bint Bandar, visited a Boeing facility in Charleston, South Carolina, to celebrate the historic deal.
In a speech during the event, Princess Reema congratulated the Boeing Company team for their work while highlighting the long-standing trade ties between Saudi Arabia and the US.

She emphasised the significance of the agreement, saying that “in just a few years, Boeing planes will transport millions of tourists to the Kingdom, and for many of them, this trip may be their first, which would contribute to deepening the relations between our peoples and would also contribute to the rapprochement of our cultures.”
Taking to Twitter, Princess Reema wrote, “Delighted to be in Charleston, South Carolina to meet with the Boeing team & celebrate the agreement between @Saudi_Airlines, #RiyadhAir & @BoeingAirplanes, which will propel KSA into a global logistics hub & generate 200.000 direct & indirect Saudi jobs & countless opportunities.”
“This historic investment will create around 100,000 direct & indirect jobs in the US across several states, including hundreds of suppliers and many small businesses,” She adds.
“We’re proud to partner with American companies to shape a more prosperous, secure future for KSA & the Middle,” she added.
This historic investment will create around 100,000 direct & indirect jobs in the U.S. across several states, including hundreds of suppliers and many small businesses. We’re proud to partner with American companies to shape a more prosperous, secure future for KSA & the Middle…
— Reema Bandar Al-Saud (@rbalsaud) May 5, 2023
In March, Saudi Arabia signed a 37 billion dollars deal with US company Boeing to purchase up to 121 aircraft to help launch the new airline in the Kingdom ‘Riyadh Air’.

The deal will see the delivery of GE-powered Boeing 787 Dreamliners to Saudi Arabia, with 72 of the aircraft destined for Riyadh Air.
This is the fifth-largest commercial aircraft deal by value in Boeing’s history.

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( With inputs from www.siasat.com )

May 7, 2023
Air India order for Boeing planes will support 1 mn US jobs: Joe Biden

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New York: Ahead of next year’s election, US President Joe Biden on Tuesday termed Air India’s $34 billion order for 220 Boeing planes as a “historic” deal that will support his agenda with one million US jobs and promote its lead in technology.
He linked the orders to his domestic plans to create good jobs for the working class, noting that many of the one million jobs “will not require a four-year college degree” and will be spread across 44 states.
Biden has been pushing for creating better-paying industrial jobs for the working class beaten down by such works going overseas, mainly to China, as well as boosting manufacturing in the US.
Biden said that Air India’s Boeing purchase shows that “the United States can and will lead the world in manufacturing”.
The reference to jobs in the US, which a White House official said will, directly and indirectly, amount to 1.47 million, can also offset criticism in the US of tech jobs going to India by showing that US workers also benefit.
The Air India order will have a total economic impact of $70 billion, the official said.
The Air India order is Boeing’s third-biggest sale of all time in dollar value and second in quantity, according to the official.
The official said that the order for 220 planes from Air India is worth $34 billion and covers 190 Boeing 737 MAXs, 20 Boeing 787s, and 10 Boeing 777Xs.

The agreement includes an option to buy additional 50 Boeing 737 MAXs and 20 Boeing 787s and if they go through, the total purchases will be 290 planes raising the value to $45.9 billion, the official said.
Air India, which is now back with its original owner Tata Group after last year’s privatisation, also announced a deal to buy 250 planes from Europe’s Airbus – 210 A320neo narrowbody planes and 40 A350 widebody aircraft.
The “historic” Boeing deal, Biden said, “Reflects the strength of the US-India economic partnership.”
“Together with Prime Minister Modi, I look forward to deepening our partnership even further as we continue to confront shared global challenges – creating a more secure and prosperous future for all of our citizens,” he added.
The White House official linked the announcement to the inaugural launch of the US-India initiative on Critical and Emerging Technology (iCET) launched last month.
The initiative seeks to expand the strategic technology partnership and defence industrial cooperation between the two governments, businesses, and universities.
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( With inputs from www.siasat.com )

February 14, 2023
Air India to acquire modern fleet, orders 470 aircraft from Airbus and Boeing

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New Delhi: Air India, part of the Tata Sons conglomerate, on Tuesday announced that it has signed letters of intent with Airbus and Boeing to acquire both widebody and single-aisle aircraft.
The order comprises 40 Airbus A350s, 20 Boeing 787s and 10 Boeing 777-9s widebody aircraft, as well as 210 Airbus A320/321 Neos and 190 Boeing 737 MAX single-aisle aircraft. The A350 aircraft will be powered by Rolls-Royce engines, and the B777/787s by engines from GE Aerospace. All single-aisle aircraft will be powered by engines from CFM International.
Prime Minister Narendra Modi participated in a video call with French President Emmanuel Macron, Ratan Tata, Chairman Emeritus, Tata Sons, N. Chandrasekaran, Chairman, Tata Sons, Campbell Wilson, CEO, Air India, and Guillaume Faury, CEO, Airbus, on the occasion of the launch of a partnership between Air India and Airbus.
The Prime Minister highlighted the rapid expansion and growth of the civil aviation market in India, which will give impetus to greater connectivity between India and the rest of the world, and will in turn encourage tourism and business in the country.
Complimenting the strong presence of French companies in India, Modi also recalled the recent decision by French aerospace engine manufacturer SAFRAN to set up its largest MRO facility in India to service aircraft engines for both Indian and international carriers.
Commenting on the occasion, Tata Sons Chairman Chandrasekaran said: “Air India is on a large transformation journey across safety, customer service, technology, engineering, network and human resources. Modern, efficient fleet is a fundamental component of this transformation. This order is an important step in realising Air India’s ambition, articulated in its Vihaan.AI transformation programme, to offer a world class proposition serving global travellers with an Indian heart.
“These new aircraft will modernise the airline’s fleet and onboard product, and dramatically expand its global network. The growth enabled by this order will also provide unparalleled career opportunities for Indian aviation professionals and catalyse accelerated development of the Indian aviation ecosystem.”
The first of the new aircraft will enter service in late 2023, with the bulk to arrive from mid-2025 onwards. In the interim, Air India has already started taking delivery of 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.

“At long last, after many months of difficult negotiation, I’m delighted to finally share that Air India has signed letters of intent with Boeing, Airbus, Rolls-Royce, GE Aerospace and CFM International for a fleet of brand-new aircraft,” said Air India CEO Campbell Wilson in a communication to the employees on Tuesday.
In addition to the 470 aircraft on firm order, Air India has secured a number of options and purchase rights.
“These give us the option, but not the obligation, to take additional aircraft at already-negotiated production slots and/or prices so that we can nimbly accommodate further growth and manage risk,” the CEO informed the employees.
The firm part of the order alone is not just the largest order ever made by an Indian airline, it is one of the largest single aircraft orders by any airline, anywhere, ever, and testifies to India’s unique combination of extraordinary scale and growth opportunity, Wilson said in the communication.
The acquisition of new aircraft, which will come with an entirely new cabin interior, complements Air India’s previously announced plan to refit its existing widebody B787 and B777 aircraft with new seats and inflight entertainment systems. The first of these refitted aircraft will enter service in mid-2024.
The Air India group currently comprises full-service Air India, as well as two low-cost subsidiaries — Air India Express and Air Asia India — which are in the process of merging.
Its parent, Tata Sons, recently announced its intention to merge Air India with full-service airline Vistara, a joint venture between Tata Sons and Singapore Airlines in which the former holds 51 per cent share. In steady state, subject to regulatory approval, the group will comprise a single full-service airline, Air India, and a single low-cost airline, Air India Express.
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( With inputs from www.siasat.com )

February 14, 2023
Air India orders 220 Boeing planes for $34 bn; Biden terms deal as historic

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Washington: Air India will purchase 220 planes from Boeing for USD 34 billion, with an option to buy 70 more aircraft that could take the total transaction value to USD 45.9 billion, a deal that US President Joe Biden described as a “historic agreement”.
While announcing the Boeing-Air India deal on Tuesday, Biden also asserted that together with Prime Minister Narendra Modi, he was looking forward to deepen the ties between India and the US.
As per an announcement from the White House, Boeing and Air India have reached an agreement under which the airline will purchase 190 B737 MAX, 20 B787, and 10 B777X for a total of 220 firm order valued at USD 34 billion at list price.
The deal will also include customer options for an additional 50 Boeing 737 MAX and 20 Boeing 787, totalling 290 airplanes for a total of USD 45.9 billion at list price.
“I am proud to announce today the purchase of over 200 American-made aircraft through a historic agreement between Air India and Boeing,” Biden said.
The Air India order is Boeing’s third biggest sale ever in dollar value and second in terms of number of planes.
This purchase will support over one million American jobs across 44 states, and many will not require a four-year college degree, Biden said, adding that this announcement also reflects the strength of the US-India economic partnership.
“Together with Prime Minister Modi, I look forward to deepening our partnership even further as we continue to confront shared global challenges — creating a more secure and prosperous future for all of our citizens,” Biden said.

This announcement follows the inaugural launch of the US-India initiative on Critical and Emerging Technology (iCET) last month. The initiative is aimed at expanding the strategic technology partnership and defense industrial cooperation between the governments, businesses, and universities of the two countries.
Biden and Modi announced the iCET in May 2022.
Biden’s economic plan is about building an economy from the bottom up and the middle out, and revitalising American manufacturing, the White House said.
Over the course of production and delivery, the agreement will have USD 70 billion in total economic impact across the United States and support an estimated 1.47 million direct and indirect jobs.
The production of the aircraft supports three separate US-based manufacturing lines that include aerospace suppliers across 44 different states, the White House said.
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( With inputs from www.siasat.com )

February 14, 2023
Boeing delivers last 747 jumbo jets

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Washington: More than half a century since the original jumbo jet ushered in a new jet age, Boeing has bid farewell to its 747 jumbo jets or the ‘Queen of the Skies’.
After 53 years since its first delivery, thousands of the company’s current and former employees and guests attended a ceremony on Tuesday in Everett, Washington, to say goodbye to the 1,574th and last Boeing 747 ever built, reports Xinhua news agency.
After the ceremony, the final 747 freighter built for cargo carrier Atlas Air departed from outside the grand assembly plant purpose-built for the 747 in the late 1960s.
The building housed more jet programs and grew to be the largest by volume in the world.
Boeing Everett at a recent peak in 2012 provided more than 40,000 jobs, according to a report by The Seattle Times.
The late Joe Sutter, the chief engineer on the original program, was given the task to design a new jet in August 1965.
The first test plane rolled out of the newly built factory in September 1968 and had its first flight in February 1969.
The first production plane was delivered on January 22, 1970.

The final 747-8 passenger version can carry nearly 470 people on trans-Pacific and other longer-haul routes.
Over the past two decades, airlines switched to the more fuel-efficient, two-engined planes, which leads 747 models out of production.
As of December 2022, there are only 44 passenger versions of the 747 still in service, according to aviation analytics firm Cirium.
The figure is down from more than 130 in service as passenger jets at the end of 2019, just before the Covid-19 pandemic crippled demand for air travel, especially on international routes on which the 747 and other widebody jets were primarily used.
Lufthansa remains the largest operator of the passenger version of the B747-8, with 19 in its current fleet.
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( With inputs from www.siasat.com )

February 1, 2023