').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Boeing To Set Up Freight Conversion Facility In India Amid Growing Demand
Boeing Co will set up in India a facility to convert passenger aircraft into freight planes to capitalise on growing global demand for cargo, executives from the U.S. aviation firm said on Friday.
The facility will add to Boeing's $1 billion supply chain sourcing from India and will help support India's ambitions to become a global cargo hub, Chief Strategy Officer Marc Allen told reporters in New Delhi. He did not give any details about when the facility will be set up or the size of the investment.
The planned facility comes amid a push by Boeing to expand in India. In February, the company said it plans to invest $24 billion to set up a logistics centre for airplane parts.
Flag carrier Air India has also placed a record order for nearly 500 jets, worth more than $100 billion at list prices, with both Boeing and Airbus.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Fri, March 10 2023. 13:34 IST
RECENT NEWS
Coutts Sets Scope On New Continent
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
From Cypherpunk To Citadel
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more
ACB Securities: Building Scale, Trust & Innovation
ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more
War Risk Returns To Markets As VIX Surges
For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more
Stablecoin The Future Of Currency?
The payments system is undergoing a quiet but consequential shift. What was once the exclusive preserve of central banks... Read more
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more