New Delhi: Boeing, the leading US aircraft manufacturer, has expressed its commitment to working with stakeholders to address concerns raised by lessors following the Go First crisis. In response to the National Company Law Tribunal’s decision to impose a moratorium on Go First assets, including planes leased by the airline, lessors have raised concerns. Ryan Weir, the Vice President of Commercial Sales and Marketing for India, Boeing Commercial Airplanes, has stated that the company will do its best to mitigate the issues.
Despite the crisis, Weir emphasized India’s significant sales potential, stating that it is one of the fastest-growing aviation markets in the world. Earlier this year, Boeing projected that India will require around 2,210 new planes in the next two decades, with 1,983 of them being single-aisle jets. The company also estimated a nearly 7% annual domestic air traffic growth through 2041 for the Indian market.
Boeing’s commitment to working with stakeholders to address the Go First crisis is significant. The crisis has resulted in concerns among lessors, which may affect their willingness to lease planes to Indian airlines. However, Boeing’s commitment to mitigating the issues may help to reassure lessors and encourage them to continue leasing planes to Indian airlines.
India’s aviation market has been growing rapidly in recent years, and its projected growth is expected to continue in the coming decades. This growth presents significant opportunities for aircraft manufacturers such as Boeing. Therefore, the company’s commitment to mitigating the issues raised by the Go First crisis demonstrates its dedication to maintaining a positive relationship with Indian airlines and stakeholders and its commitment to the growth of the Indian aviation market.
