European aircraft maker Airbus deliveries of its A320neo aircraft are back on track in India with fewer problems being seen with the narrowbody jet’s Pratt & Whitney engines, a senior company executive said on Wednesday. “Pratt has informed Airbus that engine issues have come down by a factor of four in the last 12 months,” […]
Day: February 21, 2019
Aero India 2019: Sitharaman invites investors to tap India’s defence market
Defence minister Nirmala Sitharaman Wednesday invited investors to capitalise on the ecosystem in aero space and other sectors in India which offered a big market for Defence manufacturing. In her inaugural remarks at the Aero India 2019, the 12th edition of Asia’s premier air show at the Yelahanka air base in Bengaluru, Sitharaman made a […]
Eye on $15 bn deal, Lockheed unveils new F-21 combat jet at Aero India 2019
Lockheed Martin offered India a new combat jet, F-21, on Wednesday to be made locally, in a bid to win a large military order worth over $15 billion. The US defence firm had earlier offered its F-16 fighter used by countries around the world for the Indian air force’s ongoing competition for 114 planes to […]
LCA Tejas gets clearance for induction into IAF
India’s Light Combat Aircraft (LCA) Tejas has received the final operational clearance (FOC) from military aviation regulator Cemilac for induction into the Indian Air Force (IAF) as a weaponised fighter jet, said an official in Bengaluru on Wednesday. The Chief Executive of Centre for Military Airworthiness and Certification (Cemilac), P Jayapal, handed over the FOC […]
India’s $15 billion fighter jet deal faces delay – not for the first time
In the world of multibillion-dollar defence contracts, India stands out. Home to one of the biggest armed forces on the planet, the country has an uneasy co-existence with neighbors Pakistan and China. Its rapidly aging fighter jets make it a lucrative potential prize for the likes of Lockheed Martin Corp. and Boeing Co. While India […]
Dassault CEO denies scandal in Rafale deal, defends role for Reliance
Asserting there is ‘no scandal’ in the Rafale deal, Dassault Aviation, makers of the fighter jet, Wednesday said it was also in the race for 110 aircraft for the Indian Air Force, for which the government had floated an RFI last year. The RFI (Request for Information) or initial tender for the deal was issued […]
IL&FS crisis: ED files PMLA case, conducts raids in Delhi-NCR, Mumbai
The Enforcement Directorate (ED) Wednesday conducted raids on at least six locations in Mumbai and Delhi-NCR region in connection with the multi-crore IL&FS payment default crisis, officials said. They said the action by the central probe agency came after it registered a criminal complaint under the Prevention of Money Laundering Act (PMLA) in the alleged […]
ED files money laundering case against IL&FS former chairman, 19 others
The Enforcement Directorate (ED) has slapped a money-laundering case on debt-laden Infrastructure Leasing & Financial Services’ (IL&FS’) former chairman Ravi Parthasarthy, vice-chairman Hari Sankaran, two subsidiaries and 18 others for allegedly siphoning off funds obtained from investors to develop infrastructure projects of Rs 74 crore. The move comes after the Delhi Economic Offences Wing (EOW) […]