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Boeing expects India to order up to 2,100 aircraft over 20 years

Boeing Co said on Monday it expects Indian airlines to order up to 2,100 new aircraft worth $290 billion over the next 20 years, calling it the highest-ever forecast for Asia's third-largest economy. India is one of the world's fastest-growing aviation markets with domestic passenger traffic growing at more than 20 percent a year over the last few years. "The increasing number of passengers combined with a strong exchange rate, low fuel prices and high load factor bodes well for India's aviation market, especially for the low-cost carriers," said Dinesh Keskar, senior vice president, Asia Pacific and India sales at Boeing Commercial Airplanes.


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Demo allows challenges to U.S. crash findings

WASHINGTON, DC – The U.S. Federal Motor Carrier Administration (FMCSA) launches a demonstration project on August 1 that will allow carriers to dispute crash findings applied to collision since June 1. If those crashes are found to be “not preventable”, individual Compliance, Safety, Accountability (CSA) scores could improve. The program emerges following a study on crash causes, released earlier in July. The agency will use its DataQs national data correction system to accept Requests for Data Reviews (RDRs) to “evaluate the preventability of certain categories of crashes”. ...Read the rest of this story

Oil near two-month high as producers set to meet again

Oil near two-month high as producers set to meet again

Oil prices rose on Monday, putting July on track to become the strongest month so far this year, as news of a producers' technical meeting next week added to bullish sentiment driven by the threat of U.S. sanctions against Venezuela. "Sentiment in the oil market became very bullish after OPEC said it will meet with partners in Abu Dhabi next week to discuss compliance," said Frank Schallenberger, head of commodity research at LBBW. Some OPEC and non-OPEC members will meet on Aug. 7-8 in Abu Dhabi to assess how the group can increase compliance with production cuts that began on Jan. 1.


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Boeing expects India to order up to 2,100 aircraft over 20 years

Boeing expects India to order up to 2,100 aircraft over 20 years

Boeing Co said on Monday it expects Indian airlines to order up to 2,100 new aircraft worth $290 billion over the next 20 years, calling it the highest-ever forecast for Asia's third-largest economy. India is one of the world's fastest-growing aviation markets with domestic passenger traffic growing at more than 20 percent a year over the last few years. "The increasing number of passengers combined with a strong exchange rate, low fuel prices and high load factor bodes well for India's aviation market, especially for the low-cost carriers," said Dinesh Keskar, senior vice president, Asia Pacific and India sales at Boeing Commercial Airplanes.


...Read the rest of this story