Aviation

India’s Jet airways is in talks with Boeing and Airbus about a $12 billion order.

The new owners of the once-bankrupt Jet Airways India Ltd. are in talks with Boeing Co. and Airbus SE to purchase at least 100 narrowbody jets for the carrier’s fleet in an effort to resurrect what was once the country’s largest private airline before collapsing under a mountain of debt.

The consortium that won the bid for Jet Airways in a state-run bankruptcy resolution process – Dubai-based Indian-origin businessman Murari Lal Jalan and Florian Fritsch, chairman of London-based financial advisory and alternative asset manager Kalrock Capital Management Ltd. – plan to begin flights in the first three months of next year, according to Ankit Jalan, a representative for the consortium, in an interview with Bloomberg News.

Jet Airways now operates 11 planes, including Boeing 737s and 777s as well as Airbus A330s. However, those aircraft are mostly old and should be sold and replaced with newer, more fuel-efficient models, according to Mr Jalan. A deal for the most popular model of Boeing 737 Max jets could cost more than $12 billion, though large-order discounts are common.

India's Jet airways is in talks with Boeing and Airbus about a $12 billion order.

Jet airways Boeing 777

Mr Jalan stated that options for the plane deal include both outright purchase and leasing. While Airbus is considering early deliveries of its most popular A320neo jets, which have already been sold out for several years, Mr Jalan believes Boeing may reconsider an old 225-plane order for 737 Max aircraft that Jet Airways placed before going bankrupt. A decision is expected to be made by early next month.

Boeing Delivers First 737 MAX to Jet Airways

Aviation

Boeing, Antonov to Collaborate on Defense Projects

– MOU represents Boeing’s commitment to work with Ukrainian industry

– Includes exploring opportunities for collaborating on in-country support of Unmanned Aerial Systems

A Memorandum of Understanding was signed today by Boeing and Antonov Company to investigate potential collaboration on defense-related projects.

“We’re happy to keep collaborating with the Antonov Company to help Ukraine’s economic development and expansion,” stated Ted Colbert, CEO and president of Boeing Defence, Space, & Security.

Airbus and the Antonov An-225: The Best Partnership:Click here

“This agreement demonstrates our ongoing efforts to find more opportunities to work with Ukrainian industry, which was underscored by our signing of the Ukrainian Defence Industry Compact earlier this year.”

The areas of potential collaboration identified in the agreement consist of training, logistical support and overhaul services for tactical Unmanned Aerial Systems utilized by the Ukrainian Armed Forces, which includes the ScanEagle. In addition, the companies will also explore opportunities for Antonov to provide engineering support to Boeing.

The six largest cargo aircraft ever built in the aviation industry:Click here

“A strong, innovative, and efficient defense industry is key to sustainable economic development and national security, and we are extremely excited to collaborate with Boeing,” said Ievhen Gavrylov, CEO of Antonov Company.

This agreement brings a whole new level of opportunity to implement the latest and most effective solutions – in addition to the possibility of future projects with Boeing in the aerospace and defense industry.”