Local partners like the Tata Group and AIESL are also involved in setting up these domestic MRO projects, while changes in taxation policy are expected to give the ecosystem a fillip
Boeing reported a USD 3.3 billion loss for the third quarter on Wednesday, as revenue fell short of expectations, it took a huge losses for fixed-cost defence programmes and its commercial-airplane business struggled. CEO David Calhoun said Boeing remains in a "challenging environment" and has more work ahead to drive stability". The adjusted loss amounted to USD 6.18 per share on revenue of USD 15.96 billion. Analysts had expected the company to earn 13 cents per share and post revenue of USD 17.91 billion. Revenue in Boeing's normally consistent defence and space business tumbled by 20 per cent, and it suffered USD 2.8 billion in losses for higher estimated manufacturing and supply chain costs on a military refuelling tanker, Air Force One and other programmes.
TASL's executives explain that the company's expertise lies in setting up production facilities in quick time, with mature processes for transferring work packages from global customers
Boeing is a strong contender for Indian Air Force's proposed deal to acquire 114 fighter multi-role fighter jets and Indian Navy's proposal to procure 57 carrier-borne aircraft
It said BDI will serve as framework enabling to draw on growth and productivity benefits that India can offer