A320neo India deliveries back on track; fewer problems seen with engines

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,” […]

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 […]

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 […]

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) […]