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The Union government has sanctioned Rs 6,828 crore worth of contract to Hindustan Aeronautics Ltd (HAL) at Ozar in Nashik district for manufacturing 70 HTT-40 aircraft, a central minister said on Wednesday. Defence Minister Rajnath Singh has given his approval to HAL to manufacture these aircraft, Union Minister of State for Health Dr Bharti Pawar said in a press release here. The PSU has been manufacturing defence equipment since 1964. The Union government's decision will generate work for around 3,000 officers and employees of HAL, said the release.
Indian airlines are projected to record a consolidated loss of USD 1.6 to 1.8 billion in the next financial year, aviation consultancy CAPA India said on Monday. The full service carriers are expected to incur a loss of USD 1.1 to 1.2 billion. According to CAPA India, Indian airlines are estimated to have a net induction of 132 planes next fiscal and will take the total fleet of all carriers to around 816 aircraft. While announcing its outlook for 2023-24, CAPA India also said that more than 100 planes of various Indian carriers are on the ground due to supply chain and non-supply chain issues.
The Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi on Wednesday approved the procurement of 70 HTT-40 basic trainer aircraft costing Rs 6,828 crore for the Indian Air Force. Defence Minister Rajnath Singh said the aircraft will be supplied over a period of six years. "The Cabinet Committee on Security (CCS) chaired by Prime Minister Shri @narendramodi has approved procurement of 70 HTT-40 Basic Trainer Aircraft at the cost of ?6,828.36 crores," Singh said on Twitter. The defence ministry said the HTT-40, produced by state-run aerospace major Hindustan Aeronautics Ltd, is a turboprop aircraft designed to have good low-speed handling qualities and provide better training effectiveness. Singh said the procurement decision will open new opportunities for hundreds of MSMEs (Ministry of Micro, Small and Medium Enterprises) and create thousands of jobs. "It is a significant step towards strengthening India's self-reliance in defence," he said. The HTT-40 con
Akasa Air is going to place an order for a fleet of aircraft which will be in three digits by the year-end, the company said on Wednesday. The company's founder and Chief Executive Officer, Vinay Dube said it plans to go international by the year-end and intends to set up a learning academy in Bengaluru. He also said Akasa has already ordered a fleet of 72 aircraft of which 18 have been delivered. "By the end of the year we will place a large order for aircraft. I'm not going to disclose the number but the order will be in three digits and it will be significant," Dube said in a press conference here. In the next one year, Akasa is going to hire 300 pilots, Dube said, adding that the company is also going to open a learning centre in Bengaluru. According to him, Akasa Air will need at least 3,500 pilots in the next one decade. The company completed six months of its operations to become the fastest growing airlines in the country, it said in a statement. With 36 daily flights fr
A picture of Lord Hanuman returned to the vertical stabiliser of the static display aircraft model of defence PSU Hindustan Aeronautics Limited on the last day of Aero India 2023 here, three days after it was removed without assigning any reason. Anjaneya, as Hanuman is also referred to, is seen with his mace in battle mode and the caption below the sticker read, "The storm is coming". An HAL official, on condition of anonymity, told PTI that they carried out orders as received. The HTFT-42 trainer aircraft has been kept at the HAL's Hall-3 here at the five-day aviation exhibition. Three days ago, the display came up at the pavilion eliciting curiosity among onlookers. As it hit headlines, the defence PSU removed it without citing any particular reason.
State-run aerospace behemoth Hindustan Aeronautics Ltd (HAL) will provide maintenance support services for engines of American MQ-9B Remotely Piloted Aircraft System, considered one of the most sophisticated armed drones globally, for their operations in India, officials said on Wednesday. The announcement of the project comes amid India's ongoing talks with the US to procure 30 MQ-9B armed drones at a cost of over USD 3 billion primarily to crank up its surveillance apparatus along the frontier with China as well as in the Indian Ocean region. The HAL and US defence major General Atomics Aeronautical Systems, Inc (GA-ASI), the manufacturer of the MQ-9Bs, announced the collaboration on the MRO (maintenance repair and overhaul) services for the drones on the sidelines of Aero India-2023 at the Yelahanka air base complex. In 2020, the Indian Navy had taken on lease two MQ-9B Sea Guardian drones from General Atomics for a period of one year for surveillance in the Indian Ocean. The lea