CCS clears C-295 purchase worth $2.5 billion to replace IAF’s Avros
India’s Cabinet Committee on Security (CCS) on Wednesday cleared the much-delayed purchase of 56 C-295 medium transport aircraft to replace the Indian Air Force’s ageing fleet of Avro-748 planes, the defence ministry announced on Wednesday.
The deal is expected to be worth $2.5 billion.
Airbus Defence and Space and Tata Advanced Systems Limited (TASL) will jointly execute the project to equip the air force with the new transport aircraft under the Make-in-India initiative in the aerospace sector. Airbus will supply the first 16 aircraft in flyaway condition while the remaining 40 will be assembled in India by TASL.
