Air India receives third Boeing 787 Dreamliner

October 7, 2012
air_india_dreamliner

New Delhi, October 7: Air India received its third Boeing 787 Dreamliner, the first aircraft coming out of the new North Charleston facility of the American manufacturer, the company said on Saturday.

"We are delighted to be the first airline in the world to take delivery of a Dreamliner from this beautiful factory and look forward to taking many more," Air India Board member KM Unni said after receiving the first plane from the new plant.

He said the B-787 was "an airplane with unmatched efficiency and technology which will help in our airline's turnaround plan," a Boeing statement from North Charleston quoting him said.

In September, Air India took delivery of its first of the 27 Dreamliners on order. The aircraft is equipped with 18 business class seats and 238 in the economy class. Work on the first South Carolina-built airplane began in October 2010 with fabrication of the aft fuselage and assembly of the mid-body section. Final assembly began in June 2011 and the completed airplane rolled out in April 2012 and flew for the first time in May, the release said.

"With two 787s successfully introduced to Air India's fleet, passengers are enjoying breakthrough features such as larger windows, lower cabin altitude and unprecedented flying experience," Dinesh Keskar, senior vice president of Asia Pacific and India Sales, said. Two of these planes are already being flown in the domestic sector.

The South Carolina plant's Vice President Jack Jones said, "In just under three years of breaking ground, we've flown and delivered our first airplane built here. This is a tribute to the remarkable Boeing South Carolina team and the support we've received from our airline customers, our supplier partners, the Boeing enterprise".

The Dreamliner is the first commercial jetliner made primarily of advanced composite materials. It offers exceptional passenger comfort features including cleaner air, higher humidity, bigger windows that dim electronically and more overhead storage space.

The aircraft's fuel efficiency is 20 per cent better than other airplanes in its class, which also results in 20 per cent lower carbon emissions, the Boeing statement said.


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News Network
June 27,2020

New Delhi, Jun 27: India on Saturday crossed 5 lakh-mark with record highest spike of 18,552 cases of coronavirus reported in the country in the past 24 hours.

India has added more than 3.18 lakh COVID-19 cases since June 1.

According to the Union Ministry of Health and Family Welfare, this was the highest single-day spike of COVID-19 positive cases. Also, with 384 fatalities in the past 24 hours, the total deaths inched closer to the 16000 mark.

With this, the total number of active cases are 1,97,387 while a total of 2,95,880 people have been cured or discharged from hospitals. The death toll stands at 15685 with one person migrated outside India, according to the health ministry update at 8 am today.

Maharashtra continues to top the countrywide list with a total number of COVID-19 positive cases at 1,52,765.

Delhi has so far reported 77,240 confirmed cases while Tamil Nadu has reported 74622 cases till now, as per the MoHFW. Delhi, Mumbai and Chennai are the worst-hit cities in the country

According to the Indian Council of Medical Research (ICMR), the total number of samples tested up to June 26 is 79,96,707; the number of samples tested on June 26, Friday stands at 2,20,479.

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News Network
May 8,2020

New Delhi, May 8: India's count of COVID-19 cases on Friday rose to 56,342 including 1,886 deaths, according to the Ministry of Health and Family Welfare.

Currently, there are 37,916 active cases while 16,539 COVID-19 positive patients have been cured/discharged and one has migrated.

Maharashtra has the highest number of cases with 18,120 followed by Gujarat with 7,013 cases and Delhi with 5,980 cases.

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Agencies
May 26,2020

The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to the lockdown, and market players need much more than the repo rate cut and the loan moratorium extended by the RBI.

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

According to the SCAI, there is a common misconception that the shopping centres' industry is centred around metros and large cities with investments only from large developers, private equity players and foreign investors.

"However, the fact is that most malls are part of the SMEs or standalone developers. i.e. more than 550 are single owned by standalone developers out of the 650-odd organised shopping centres across the country and there are 1,000+ small centres in smaller cities," it said.

Amitabh Taneja, Chairman of SCAI said: "The organised retail industry is in distress and has not earned anything since the lockdown and their survival is at stake. While the extension of the loan moratorium talks about some relief on repayment but won't help the industry in liquidity."

He said that a long term beneficial plan from the government is much required to revive the sector.

"Being the most safe, accountable, and controlled environment, unfortunately, malls have not been permitted to open which will lead to job losses and might even shut shops for a lot of mall developers," Taneja said.

In its representations to the Centre and the Reserve Bank of India, the association has also pointed out that, in absence of financial package and stimulus from the RBI, over 500 shopping centres may go bankrupt, that may lead to the banking industry staring at NPAs of Rs 25,000 crore.

The industry body has put forward its recommendations and requests to the government. It had sought moratorium till March 2021 at the least in terms of repayment of bank loans, interest, EMI and so on, without levy of any penalties or penal interest.

It has also sought a one-time loan restructuring with lower rates of interest, permitted for shopping centres and a facilitative and forward-looking support provision of short-term financing options for a period of six to 12 months, at lower interest rates, to meet the increased working capital requirements.

Among other relaxations, it had also appealed for GST rebates to offset the losses on account of and for the period of closure of business.

It also said that interest rates should be brought down to "manageable levels" of 5-6% in view of the precarious financial situation.

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