Aviation

Air India clarifies the Boeing 747 aircraft retirement from its fleet

Air India clarifies the Boeing 747 aircraft retirement from its fleet. National carrier Air India today denied the media reports that it is going to retire the Boeing 747 aircraft from its fleet.

Air India tweeted from its official Twitter handle,” It has been reported in a section of media that Air India is set to retire its Boeing 747 aircraft from its fleet and will be operating its last flight tomorrow. The news is false and B747 will continue to remain an integral part of our fleet.”

#FlyAI : It has been reported in a section of media that Air India is set to retire its Boeing 747 aircraft from its fleet & will be operating its last flight tomorrow.
The news is false and B747 will continue to remain an integral part of our fleet.
— Air India (@airindiain) March 9, 2021
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Generally, these four-engine planes are operated on international routes as well as for ferrying VVIPs. The Boeing 747—a wide-bodied, four-engine plane that first flew in 1969 and could ferry about 400-600 passengers over long distances. The 747 was born out of a business imperative to fly more passengers over longer distances without stopping.

Meanwhile, Air India Employees Consortium, which participated in the Air India divestment bid, was disqualified from the divestment process by the Transaction Advisor to the Government of India (Ernst & Young LLP) on Monday.

AI Employees Consortium submitted an ‘expression of interest’, last year, to participate in strategic divestment of the national carrier Air India. Transaction Advisor to the Government of India said that the three reasons for the disqualification of the ‘Expression of Interest’ of the employees are non-submission of required three years audited financial statements for foreign consortium member, non-submission of information or details by interested bidders for investments in offshore companies, which forms a substantial part of the net worth of the foreign consortium member and the foreign consortium member not being an appropriately regulated foreign investment fund as defined in the Preliminary Information Memorandum.

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.

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“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.”