Boeing Co said on Friday it would set up a facility in India to convert 737 passenger planes into dedicated freighters to tap into regional and global demand for the service.
Gupte said there was demand to convert more than 1,700 passenger planes globally into freighters over the next 20 years, with about 600 coming from Asia.
"So it is only fitting that we have the capability to have a line to make those freighters here in India, not just for India, but for the region and for the world," he said. Boeing with partner GMR Aero Technic, an Indian maintenance, repair and overhaul provider, will over the next 18 months set up the facility in Hyderabad to convert old passenger planes into freighters.
The deal adds to Boeing's $1 billion supply chain sourcing from India and will help support India's ambitions to become a global cargo hub, Chief Strategy Officer Marc Allen told reporters in New Delhi.The planned facility comes amid a push by Boeing to expand in India, including aThe slump in travel triggered by the COVID-19 pandemic triggered ato convert older passenger jets into freighters.
Reporting by Aditi Shah and Shivangi Acharya; writing by Miral Fahmy; Editing by Sudipto Ganguly and Jamie Freed
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