Boeing to deliver $17 billion of planes to India in 5 years

[Coventina]

Source: Reuters

BANGALORE (Reuters) - U.S. aircraft maker Boeing Co (BA.N) will deliver 100 planes worth $17 billion over the next four to five years to Indian airlines, and will have to compensate some for the late delivery of 787 Dreamliners, the president of its Indian operations said on Tuesday.

"We clearly want to extend our footprint in India," Dinesh Keskar, president of Boeing India, told reporters at the launch of Boeing's research and technology center in the southern city of Bangalore.

The outstanding orders were part of the $25 billion aircraft delivery contracts Boeing had signed with Indian airlines in the past three years, he said.

"We have steady stream for deliveries coming to India," said Keskar, also noting Boeing would pay compensation to national carrier Air India AI.UL and Jet Airways (JET.BO) for the delay in delivery of 787 Dreamliners.



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