March 2006

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Boeing Lands in India

   On the same day that Air India announced a 68-airplane order from Boeing valued at more than $11 billion, India's civil aviation minister Praful Patel and Boeing Commercial Airplanes President and CEO Alan Mulally announced that Boeing would be investing $100 million in a new repair and maintenance facility, and $75 million in a new pilot training facility. According to Calcutta paper The Telegraph, Patel also indicated Boeing would be investing an additional $10 million in other units, and that the company's procurement over the next decade could total as much as $1.9 billion.
   Air India's order consists of 23 777s, including eight 777-200LR (Longer Range) Worldliners and 15 777-300ERs (Extended Range), and 27 787-8 Dreamliners. Air India Express, a wholly owned subsidiary of Air India, will receive 18 next generation 737-800s.
   "Boeing's commitment to the Indian aviation industry dates back more than 60 years," Mulally said. "Air India is a valued and long-time partner, and we look forward to working closely with this great airline as it expands its operations with its all-Boeing fleet and brings its unique offerings to the world."
   Like 3M, Boeing's MRO activity extends homeward as well as abroad. The same week as the Indian announcements, the company committed to leasing three hangars in the Maintenance, Repair & Overhaul Technology Center (MROTC) across from Tinker Air Force Base in Oklahoma.
   Jeff Adelson, corporate real estate asset manager for Boeing Realty Co., is an IAMC member.

Talking Turkey

   Kimberly-Clark Corp. announced in January it would invest the equivalent of US$126 million in Turkey, with half of that total devoted to production and half to marketing and branding.
   The company said Turkey would be its base for the entire northeastern Mediterranean region. According to Turks.US, the company's regional director indicated that the company may create up to 1,000 jobs with the investment, after first entering the country only in 1999. Turkey is among six countries the company has made priority investment destinations. The others include the BRIC countries (Brazil, Russia, India and China) and Indonesia.
   Leonard Anderson, director, and Greg Saylor, business analyst, are both IAMC members from Kimberly-Clark.

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