31 Mar '17, 10am

India to begin contract negotiations to acquire 56 Airbus C-295 Transports

India to begin contract negotiations to acquire 56 Airbus C-295 Transports

India's Ministry of Defence (MoD) is set to begin contract negotiations for the purchase of 56 Airbus Defence and Space (DS) C295 medium transport aircraft (MTA) for the Indian Air Force (IAF) to replace the service's ageing fleet of Avro 748M transports. Indian Air Chief Marshal B S Dhanoa was quoted by the Indo-Asian News Service on 24 March as saying that contract negotiations for the C 295s "are likely to commence shortly". Industry officials estimate the MTA tender to be worth around INR119.29 (USD1.78 billion). The MTA programme involves a joint venture (JV) between Airbus and Tata Advanced Systems Limited (TASL) that will import 16 C295s and build the remaining 40 locally. In accordance with the 2013 MTA tender, 24 of these 40 aircraft are to be imported in kit form for local assembly and include a 30% indigenous content, the latter of which is set to double in the ...

Full article: http://defenceforumindia.com/forum/threads/india-to-begin...

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