Articles for tag: Aerospace, Aviation, Boost, Chain, Challenges, Demand, Global, India, Plans, Remain, Rising, Significantly, sourcing, Supply

September 29, 2024

GE Aerospace plans to significantly boost sourcing from India amidst rising aviation demand, but global supply chain challenges remain.

GE Aerospace is significantly increasing its sourcing of components from India, a rapidly growing aviation Market. With a manufacturing facility in Pune and additional operations in Bengaluru, the company currently works with 13 suppliers, including Tata Advanced Systems Ltd. Vikram Rai, CEO of GE Aerospace South Asia, noted that sourcing has surged by 20 times ...

September 26, 2024

Market News

Business

SBI declares Jet Airways’ liquidation imminent as bidders fail to pay dues, escalating tensions in India’s volatile aviation sector.

The State Bank of India (SBI) has expressed concern over the ongoing issues with the bankrupt airline Jet Airways, stating that the buyer, Jalan Kalrock Consortium (JKC), is refusing to pay outstanding dues. During a Supreme Court hearing, SBI indicated that liquidation may be the only option left for the airline, as JKC has failed ...

September 4, 2024

Market News

Business

India’s Ambitious Leap: Aviation Sector Set for Major Transformation

The Indian government is advancing plans to manufacture commercial aircraft domestically, as announced by Civil Aviation Minister K Rammohan Naidu. A special purpose vehicle will be established to involve industry stakeholders in this initiative. The recently passed Bhartiya Vayuyan Vidheyak Bill 2024 will regulate aircraft design and production, aligning with the Aatmanirbhar Bharat initiative aimed ...