Boeing to invest $100 million in infrastructure, pilot training in India

[Vanguard One]

The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo

BENGALURU, June 23 (Reuters) - Boeing (BA.N) has announced a $100 million investment in infrastructure and programs to train pilots in India, according to a White House statement released on Thursday.

This comes on the heels of Air India signing firm orders of over 200 jets earlier this week from Boeing, which include 20 787 Dreamliners, 10 777Xs, and 190 737 MAX narrowbody aircraft.

The development also comes along with a flurry of deals signed by U.S. and Indian companies on the sidelines of Prime Minister Narendra Modi's meeting with U.S. President Joe Biden in Washington on Thursday.

Boeing to invest $100 mln in infrastructure, pilot training in India

Boeing has announced a $100 million investment in infrastructure and programs to train pilots in India, according to a White House statement released on Thursday.

www.reuters.com

 

[CallSignMaverick]

Perks of purchasing hundreds of aircrafts in one go

 

[Thəorətic Muslim]

Perks of purchasing hundreds of aircrafts in one go

Perks of having a growing economy.

I wouldn't say purchasing 100s of aircraft in one go matters.

 

[CallSignMaverick]

Perks of having a growing economy.

I wouldn't say purchasing 100s of aircraft in one go matters.

Both of them are more or less the outcome of the same.

 

[Thəorətic Muslim]

Both of them are more or less the outcome of the same.

Gulf Airlines have ordered thousands yet no Airbus or Boeing.

Mostly because they poach pilots internationally, but requalifications and pilot-plane transfers still require training, India has a domestic workforce it can call upon and is looking to develop.

Boeing if rolling out an Istanbul campus also.

I understand what you're saying but sometimes it's easier to offer a lollipop and have induced demand. There's no doubt there were prior IndiGo and New Delhi conversations in bringing Boeing to India. But India's strength is guaranteed by it's untapped economy that's being streamlined by intricate policies across the board.

Edit: Why freely hand outgive $ when you can use it to demand something back? This is something the neighborhood doesn't understand, but 1 country does.