Latest news with #SalilGupte
Economic Times
3 days ago
- Business
- Economic Times
India has opportunity to become net exporter of sustainable aviation fuel: Boeing executive
India has the opportunity to become a net exporter of sustainable aviation fuel as efforts continue to decarbonise aviation globally, a top Boeing executive said on Thursday and highlighted the ample availability of feedstock, including agricultural waste, for producing the fuel. Aviation accounts for around 2-3 per cent of the global carbon emissions, and Sustainable Aviation Fuel (SAF) can help in reducing these emissions. At industry body CII's Annual Business Summit 2025 in the national capital, Boeing India and South Asia President Salil Gupte also said that 2,500 civil aircraft will be coming into India over the next 20 years. India is one of the world's fastest growing civil aviation markets and Indian airlines have placed orders for more than 1,000 aeroplanes over the past few years. While mentioning that the country will have a newer and younger aircraft fleet in the coming years that will also help in decarbonisation, Gupte also said it can be looked at how India can play a role in industrialisation of biofuels for aviation. The barrier for SAF is not going to be aeroplane technology or engineering technology but the supply factor and how the fuel can be made more economical, he noted. Currently, SAF costs 2.5 to 3.5 times more than Aviation Turbine Fuel (ATF). If the world is to reach the net zero goal for aviation by 2050, it needs to have 185 million tonnes of SAF per year. India's feedstock, whether it is used cooking oil, agricultural waste or the like, will be able to make 8-10 million tonnes of SAF per year. "This means that India can actually provide over 5 per cent of the world's SAF requirements... India can be an exporter of SAF. This creates an opportunity. This means India can help decarbonise the civil aviation industry," Gupte said and added that turning agricultural waste into SAF will be a tremendous opportunity. Boeing, a leading aircraft maker, has a significant presence in India.
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Business Standard
5 days ago
- Business
- Business Standard
India can become net exporter of sustainable aviation fuel: Boeing exec
India has the potential to emerge as a net exporter of Sustainable Aviation Fuel (SAF) amid global efforts to reduce carbon emissions from the aviation sector, according to a senior Boeing executive. Speaking at the CII Annual Business Summit 2025 in New Delhi, Salil Gupte, President of Boeing India and South Asia, pointed to the abundant availability of feedstock, such as agricultural residue, which can be leveraged for SAF production. With aviation contributing roughly 2–3 per cent of global carbon emissions, SAF is viewed as a critical solution for cutting these emissions. Gupte noted that India is poised to add 2,500 new civil aircraft over the next two decades, reinforcing its position as one of the fastest-growing aviation markets. Indian carriers have already ordered more than 1,000 aircraft in recent years. Gupte observed that India's modernising aircraft fleet would aid decarbonisation efforts and suggested the country could take a leading role in scaling up biofuel production for aviation. The main challenge, he said, would not lie in aircraft or engineering technology, but in ensuring adequate and cost-effective supply of SAF, which currently costs 2.5 to 3.5 times more than traditional Aviation Turbine Fuel (ATF). To meet the global net-zero aviation target by 2050, annual production must reach 185 million tonnes of SAF. India, with its wide range of feedstock — including used cooking oil and farm waste — has the capacity to produce 8–10 million tonnes annually, Gupte said. "This means that India can actually provide over 5 per cent of the world's SAF requirements... India can be an exporter of SAF. This creates an opportunity. This means India can help decarbonise the civil aviation industry," Gupte said, adding that turning agricultural waste into SAF will be a tremendous opportunity. Boeing, a leading global aerospace manufacturer, continues to maintain a strong operational presence in India.
Time of India
6 days ago
- Business
- Time of India
India has opportunity to become net exporter of sustainable aviation fuel: Boeing executive
India has the opportunity to become a net exporter of sustainable aviation fuel as efforts continue to decarbonise aviation globally, a top Boeing executive said on Thursday and highlighted the ample availability of feedstock, including agricultural waste, for producing the fuel. Aviation accounts for around 2-3 per cent of the global carbon emissions, and Sustainable Aviation Fuel (SAF) can help in reducing these emissions. At industry body CII's Annual Business Summit 2025 in the national capital, Boeing India and South Asia President Salil Gupte also said that 2,500 civil aircraft will be coming into India over the next 20 years. India is one of the world's fastest growing civil aviation markets and Indian airlines have placed orders for more than 1,000 aeroplanes over the past few years. While mentioning that the country will have a newer and younger aircraft fleet in the coming years that will also help in decarbonisation, Gupte also said it can be looked at how India can play a role in industrialisation of biofuels for aviation . The barrier for SAF is not going to be aeroplane technology or engineering technology but the supply factor and how the fuel can be made more economical, he noted. Currently, SAF costs 2.5 to 3.5 times more than Aviation Turbine Fuel (ATF). If the world is to reach the net zero goal for aviation by 2050, it needs to have 185 million tonnes of SAF per year. India's feedstock, whether it is used cooking oil, agricultural waste or the like, will be able to make 8-10 million tonnes of SAF per year. "This means that India can actually provide over 5 per cent of the world's SAF requirements... India can be an exporter of SAF. This creates an opportunity. This means India can help decarbonise the civil aviation industry ," Gupte said and added that turning agricultural waste into SAF will be a tremendous opportunity. Boeing, a leading aircraft maker, has a significant presence in India.
Gulf Today
10-02-2025
- Business
- Gulf Today
Boeing signals more orders before setting up facility in India
Boeing signalled on Monday it would need more orders from India before it considers setting up a final civil aircraft assembly line there, potentially throwing cold water on the government's hopes of the US planemaker assembling commercial jets in the country. 'The business case in order to have final assembly in any region has to be far larger than what the Indian market is. It requires many more airplanes than are being bought in India today,' Boeing India and South Asia president Salil Gupte told Reuters. 'We'll have to see how it evolves as the markets in India and around India go. In the meantime, it is all about building stepwise capability to get up to that point,' Gupte said in an interview on the sidelines of the Aero India show in the city of Bengaluru. Boeing said in an emailed statement it has a 'strong commitment' to India's aerospace sector. The company has in the past offered to assemble defense aircraft, such as its F/A-18 jets, in India. But the volume required for final assembly of commercial airplanes is far greater than that required for defense, and a viable business case would require a large regional market, the company added. Early last year, Prime Minister Narendra Modi said India will not have to wait too long for a Boeing that is designed and manufactured in the subcontinent. The country's civil aviation minister told Reuters in 2023 that the time had come for Boeing and Airbus to make civil aircraft in India. 'As the market evolves, we continue to assess the feasibility of co-development and co-production opportunities when the time is right, ensuring we have a robust ecosystem to support them,' Boeing added on Monday. Indian airlines, including Tata's Air India and IndiGo , have about 1,800 aircraft on order with global planemakers and are scheduled to take delivery of 130 jets this year, according to data from UK-based Cirium Ascend. Last week, Boeing said it expects Indian and South Asian airlines will add 2,835 commercial aircraft to their fleet over the next 20 years, a four-fold increase over current levels. Gupte said final assembly was less than 10% of the value proposition of an plane, adding that the 'real money' is in everything else that is being done to get up to that stage. Boeing sources products and services worth $1.25 billion from India annually from a network of more than 300 suppliers, according to its website. The company employs about 7,000 people in the country. The company's joint venture with India's Tata Group produces AH-64 Apache helicopter fuselages and 737 aircraft vertical fin structures for customers worldwide. Gupte said the Indian government needs to provide incentives to suppliers to bring down the cost of capital in India to help expand the aerospace supply chain. 'We had very candid conversations (with the civil aviation ministry) and they are willing to take those conversations forward' with other departments, he said. (Reporting by Abhijith Ganapavaram; Editing by Susan Fenton and Jan Harvey) Spirit AeroSystems expects quarterly revenue above estimates on Boeing production restart Feb 10 (Reuters) - Spirit AeroSystems said on Monday it expects to post a higher-than-expected quarterly revenue, driven by restarted production at the aerospace supplier's biggest customer, Boeing. Shares of the company rose about 1% in premarket trading. Spirit's deliveries increased about 15% in the fourth quarter, led by higher Boeing 737 and Airbus A320 shipsets. A shipset refers to sets of structural fuselage components produced or delivered for one aircraft. Boeing last month said it was making progress on increasing plane production after a crippling strike that shuttered production of most of its jets ended in November. Spirit expects revenues of $1.66 billion in the quarter ended on Dec. 31, 2024, surpassing analysts' average estimates of $1.61 billion. The Wichita, Kansas-based company, however, expects to report a loss of $413 million, owing in part to high labour and raw material costs as the aerospace supply chain remains strained. It had posted a profit of $291 million a year ago. The company also reiterated that its management expects to make a going-concern disclosure in its annual filing. In November, it warned there was 'substantial doubt' about the company's ability to continue as a going concern. Agencies
Khaleej Times
10-02-2025
- Business
- Khaleej Times
Boeing signals more orders needed before setting up assembly line in India
Boeing signalled on Monday it would need more orders from India before it considers setting up a final civil aircraft assembly line in the country, potentially throwing cold water on the government's hopes of the U.S. planemaker assembling commercial jets in the country. "The business case in order to have final assembly in any region has to be far larger than what the Indian market is. It requires many more airplanes than are being bought in India today," Boeing India and South Asia president Salil Gupte told Reuters. "We'll have to see how it evolves as the markets in India and around India go. In the meantime, it is all about building step wise capability to get up to that point," Gupte said in an interview on the sidelines of the Aero India show in the city of Bengaluru. Early last year, Prime Minister Narendra Modi said India will not have to wait too long for a Boeing that is designed and manufactured in the subcontinent. The country's civil aviation minister had told Reuters in 2023 that the time had come for Boeing and Airbus to make civil aircraft in India. Indian airlines, including Tata's Air India and IndiGo , have about 1,800 aircraft on order with global planemakers and are scheduled to take delivery of 130 jets this year, according to data from UK-based Cirium Ascend. Last week, Boeing said it expects Indian and South Asian airlines will add 2,835 commercial aircraft to their fleet over the next 20 years, a four-fold increase over current levels. Gupte said final assembly was less than 10% of the value proposition of an airplane, adding that the "real money" is in everything else that is being done to get up to that stage. Boeing sources products and services worth $1.25 billion from India annually from a network of more than 300 suppliers, according to its website. The company employs about 7,000 people in the country. The company's joint venture with India's Tata Group produces AH-64 Apache helicopter fuselages and 737 aircraft vertical fin structures for customers worldwide. When asked about the challenges the supply chain faces, Gupte said the Indian government needs to provide incentives to suppliers to bring down the cost of capital in India to help expand the aerospace supply chain. "We had very candid conversations (with the civil aviation ministry) and they are willing to take those conversations forward" with other departments, he said.
