Boeing to double component sourcing from India
Aircraft maker Boeing plans to double sourcing from India from the current value of $1 billion a year to $2 billion from over 200 suppliers, according to Darren Hulst, vice-president and global head of marketing, Boeing Commercial Airplanes. These suppliers are manufacturing high-end systems and components for some of Boeing’s most advanced products as part of its global supply chain.
He said that the aviation market is resilient and will grow throughout 2020. Boeing forecasts air carriers in India will need about 2,500 new commercial aircraft by 2040.
Talking to media at aviation exhibition Wings India 2020, he said that air traffic in China and other Asia Pacific countries has gone down by more than half due to the coronavirus scare.
China used to witness as many as 15,000 departures on an average in a normal day and it has come down to about 3,000 flights a day. However in India, the company claimed that it did not have much impact.
