Latest News

  • Home
  • National
  • Aircraft maker Boeing 'concerned' about Jet Airways
Aircraft maker Boeing 'concerned' about Jet Airways
Monday, October 15, 2018 IST
Aircraft maker Boeing

NEW DELHI: Boeing is "concerned" over Jet Airways which is grappling with financial woes, a senior official of the leading aircraft maker said Friday. The full service carrier, which has been flying for over 25 years, is a key customer of Boeing. The airline has placed orders for 219 Boeing 737 MAX planes and has taken delivery of five of these planes.
 

 
 

"We are concerned absolutely ... we have (just) delivered five MAXs. We will continue to work with them," Dinesh Keskar, Senior Vice President (Sales and Marketing for Asia Pacific and India) at Boeing Commercial Airplanes said.
 
When asked whether he is concerned about financial stability of the airline, Keskara said, "it is ... sustainability", adding that fare levels seen in the last two-three months in the country's domestic airlines sector are a concern.
 
While the operating cost of airlines has increased in recent months mainly due to higher oil prices, fares have not been hiked much amid stiff competition.
 
There are entities that have deep pockets with funds and others that have working capital, literally, on a day-to-day basis, he noted without elaborating on any specific issue.
 
Currently, Jet Airways Group has 123 aircraft, including Boeing 777-300, 737 MAX and 737s.
 
Faced with financial problems, there has also been delay in payment of salaries to staff at Jet Airways.
 
Speaking to reporters here on the sidelines of a function to mark SpiceJet inducting its first Boeing 737 MAX 8 aircraft, Keskar said Indian carriers have placed orders for more than 400 Boeing 737 MAX planes.
 
If SpiceJet decides to go for low-cost long haul services, then "I am sure we will be able to convince him (Ajay Singh) to go (with) Boeing 787," he said.
 
The no-frills airline, helmed by Ajay Singh, placed orders for up to 205 B 737 MAX aircraft in 2017.
 
"We are keeping a watch on Jet (Airways). So far, they have not come for any help," Civil Aviation Secretary R N Choubey said.
 
 

 
 

He said the government is still working on providing relief to the airline industry and one of the relief in the form of excise duty reduction on ATF (Aviation Turbine Fuel) has already come.
 
The excise duty on ATF has been cut to 11 per cent from 14 per cent at a time when the airline industry is facing tough business conditions, mainly in the wake of spiralling fuel prices.
 
To a query about possible package for the domestic airlines industry, Singh said, "We don't want a bailout package... All we are asking is give us a level-playing field with our peers around the world, many of whom we currently compete with".
 
"... These countries do not have tax on ATF. Whenever there is marginal taxation on ATF, then in those countries there is input tax credit available.
 
"Secondly, there is no import duty on services, aircraft parts... We want both things to be addressed for India to become an aviation hub," he said.
 

 
 
 
 
 

Related Topics

 
 
 

Trending News & Articles

 Article
Here is the full list of 827 porn websites banned by the DoT

While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content. ...

Recently posted . 61K views . 1 min read
 

 Article
Class XII Boys Raped 16-Year-old in Dehradun School After Watching Porn on Phone: Police

The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...

Recently posted . 8K views . 1 min read
 

 Article
Sept 27,2001 Rahul Gandhi and his girl friend Veronique,was arrested in Logan airport in Boston

Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million. Rahul and his girl friend was th...

Recently posted . 7K views . 7 min read
 

 Article
TOP 10 GYM EQUIPMENT BRANDS IN INDIA 2017

True – Tr...

Recently posted . 6K views . 83 min read
 

 
 

More in National

 Article
Cow Meat Hung For Display, Sudden Presence of Hindu Groups: Was Bulandshahr Violence a Conspiracy?

The location and timing further fuels the suspicion that it was a planned attempt to stoke tension as nearly 10 lakh Muslim devotees had gathered in Bulandshahr t...

Recently posted. 583 views . 1 min read
 

 Article
Book Inspired by TV Show 'Crime Patrol' To be Launched on December 11

Westland Publishing will release 'Crime Patrol: The Most Thrilling Stories by Annup Sonii and Oswald Pereira', which has been endorsed by Bollywood actor Aj...

Recently posted. 551 views . 1 min read
 

 Article
Now, a frog wedding in Udupi to ‘appease rain god’, complete with mangalsutra and lunch

The two frogs were named Varun and Varsha and were taken in a procession before they were wed at a hotel.  

Recently posted. 762 views . 0 min read
 

 Video
Let's Talk About 377



Recently posted . 1K views
 

 Reviews
Top Schools In Noida Extension Area



Recently posted . 1K views . 52 min read
 

 Reviews
Top 10 Schools in Noida



Recently posted . 1K views . 57 min read
 

 Article
Documentary On Farmer From Remote Himalayan Village Nominated For Oscars

Indian Documentary Nominated For Oscars 2019: Speaking about the documentary, Uttarakhand Chief Minister Trivendra Singh Rawat said it will inspire young people to ...

Recently posted. 592 views . 1 min read
 

 Article
AAP minister Satyendar Jain, on hunger strike at Delhi L-G’s office, hospitalised

Delhi chief minister Arvind Kejriwal and three AAP ministers have camped at Lieutenant Governor Anil Baijal’s office since June 11, refusing to leave...

Recently posted. 618 views . 1 min read
 

 
 
 

   Prashnavali

  Thought of the Day

Your Life is the Sum Total of All the Little Decisions You Make Everyday. And You Can't Change the Decisions of the Past, But Every New Day You Live is Another Opportunity to Make the Right Decisions NOW.
Anonymous

Be the first one to comment on this story

Close
Post Comment
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


ads
Back To Top