Boeing Announces $10-million Aid As Coronavirus Cases Explode In India
US-based aircraft manufacturer announced a $10-million emergency aid for India to support the country's response against the second wave of coronavirus. The assistance from Boeing will be directed to organisations providing relief, including medical supplies and emergency healthcare for communities and families battling Covid-19. Boeing houses a total of 3,000 employees in India, in addition to valued local customers, suppliers, and business partners.
"The Covid-19 pandemic has devastated communities across the globe, and our hearts go out to our friends in India who are going through a very difficult time. Boeing is a global citizen, and in India we are directing our pandemic response to the communities most impacted by this recent surge of cases," said Dave Calhoun, president and chief executive officer of The Boeing Company.
"Boeing not only stands in solidarity with the Indian people in their effort to confront this pandemic, we will be a part of the solution. We will continue to monitor the pandemic response in India and work to support our employees, customers, and partners through this crisis," Calhoun said.
Boeing will partner with local and international relief organisations and deploy $10 million fund in the areas of greatest need. This will be done in consultation with medical, government and public health experts.
India is Boeing's one of the largest markets with multiple Indian airlines -- Air India, Vistara and SpiceJet -- operating its aircraft.
Boeing also has a joint venture with Tata, which manufactures parts and major components for products across the enterprise portfolio.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more