NEW DELHI: In response to worries expressed by aircraft lessors during the Go First crisis, American aircraft manufacturer Boeing stated on May 12 that it would do all in its power to engage with all parties involved to resolve the problems.
"India has huge sales potential", it is said by Ryan Weir, vice-president of Commercial Sales and Marketing for India, Boeing Commercial Airplanes.
The National Company Law Tribunal's (NCLT) decision to put a moratorium on Go First assets that also prevents the deregistration of aircraft that the airline has leased has drawn criticism from lessors.
In response to a question regarding the Go First dilemma and lessors' worries, Ryan Weir said that the company is collaborating with stakeholders and will do its "best efforts to mitigate the issues." "We don't know what the impact is going to be," he continued. India is one of the world's fastest growing aviation markets.
Boeing predicted earlier this year that India will need 2,210 new aircraft over the next two decades, 1,983 of which will be single-aisle jets.
It also estimated an approximate of 7 percent annual domestic air traffic growth through 2041 for the Indian market.