US aviation companies bullish on India

Even as Indian civil aviation industry struggles in a tough operating environment, US based aviation companies are bullish on the sector’s future prospects. “We have had a long and successful partnership with India. We have been in India creating sustainable, aviation ecosystem,” Pratyush Kumar, president, Boeing India, said at the ninth Indo-US Resurgence Summit held here.

Pratyush Kumar, who was speaking at the event organised by the Indo-American Chamber of Commerce (IACC), added that his company is in the process of building capacity and capability of the Indian aviation sector and is closely working with education and training institutes as well.

India in recent past has placed orders for maritime patrol aircraft P8I and C-17 heavy-lift military aircraft, apart from scouting for new attack and transport choppers in which US based companies are participating. In pure commercial deals, major India-based airlines such as Air India, Jet Airways and SpiceJet operate Boeing built aircraft. State-run Air India has ordered 27 Boeing 787 Dreamliners.

Boeing, on the other hand, is setting up a USD 100 million maintenance repair overhaul (MRO) facility for Air India following an order for 737s and 787s Dreamliners which was placed by Air India in January 2006. The civil aviation sector in India has faced turbulence in recent years as stubbornly high jet fuel prices, interest costs and an economic slowdown have troubled the already financially-stretched industry.

Read the full report here, SME Times


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