Aviation

Boeing Commits US$2 Million to Support Humanitarian Response in Ukraine

Emergency assistance package will be directed to organizations working to bring food, water, clothing and shelter to displaced Ukrainians

CHICAGO, March 3, 2022 /PRNewswire/ — Boeing [NYSE: B.A.] today announced a US$2 million emergency assistance package to support humanitarian response efforts in Ukraine. The assistance package will be directed to organizations working to bring food, water, clothing, medicine and shelter to displaced Ukrainians – including those seeking refuge in neighboring countries. In addition, Boeing will match all qualifying employee contributions made in support of Ukrainian humanitarian relief through the company’s charitable matching program.

Funding from the Boeing Charitable Trust will support the following organizations:

$1,000,000 to CARE to assist with food, water and hygiene kit distribution as well as monetary assistance and psychosocial support for affected Ukrainians, with a focus on women, children and the elderly.
$500,000 to American Red Cross to support the global Red Cross movement providing critical humanitarian relief to people affected by the Ukraine crisis.
$250,000 to Americares to help with the distribution of medicine and medical supplies as well as support critical medical care for families displaced by the crisis, including mental health services.
$250,000 to organizations working to support vulnerable, displaced populations in Ukraine and neighboring countries.

The health and well-being of Boeing employees and their families around the world remain a top priority for the company. Boeing and partner teams are checking on affected employees while continuing to coordinate with government agencies, customers and suppliers to assess human and business impacts in the region.

Humanitarian relief efforts align with the company’s ongoing commitment to the communities where our Boeing employees live and work. Boeing is active and engaged in Europe, contributing a combined US$11 million(€9.9 million) in charitable contributions across the continent over the last five years. In 2021, Boeing donated US$13 million to disaster relief and humanitarian efforts globally.

Aviation

Airbus and French Aerospace Firms Growing Exports from India

In a significant move to bolster its supply chain, European aerospace giant Airbus has announced plans to ramp up component sourcing from India, tapping into the country’s vast opportunities.

During a press briefing in New Delhi on October 7, CEO Guillaume Faury emphasized the strategic importance of India within the Airbus supply chain, highlighting the company’s robust network of over 100 suppliers in the region.

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Faury, who also serves as Chairman of the French Aerospace Industries Association (GIFAS), noted that there are abundant prospects for collaboration between Indian and French aerospace companies. Leading a high-level delegation from GIFAS, comprising more than 60 companies and over 100 representatives, Faury aims to foster deeper partnerships and enhance business opportunities between India and France.

“We will continue to grow our sourcing of components,” Faury stated, forecasting a doubling of component sourcing approximately every five years over the next decade. This stable growth trajectory underscores Airbus’s commitment to deepening its ties with India.

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Currently, Airbus holds an impressive order book of around 8,600 aircraft and anticipates producing about 770 planes this year. This ambitious production plan aligns with the expected surge in India’s domestic air passenger traffic, projected to reach 300 million by 2030, according to Union Aviation Minister K Rammohan Naidu.

During the briefing, Naidu also highlighted the substantial investments being made to develop India’s airport infrastructure, with $11 billion allocated for this purpose. The government plans to develop 200 additional airports over the next 20 to 25 years, significantly expanding the current count of 157 airports, heliports, and waterdromes. By the end of 2025, the number of operational airports is expected to reach 200.

“The potential for partnership between India and France is immense,” Naidu remarked, further reinforcing the collaborative spirit that Airbus and French aerospace firms seek to cultivate in India.