In a three-way deal that first came to light as a memorandum of understanding (MOU) last year, Sikorsky announced on Friday that it completed an agreement for India’s Tata Advanced Systems Ltd. (TASL) to build the cabins of its S-92 Helibus in India. The cabins will be manufactured at a new TASL facility in Hyderabad in the state of Andhra Pradesh. Deliveries will begin next year.
Economy of India
Tata Ltd., a UK-based subsidiary of India’s Tata Sons, has agreed to take a one-third share of Italy’s Piaggio Aero Industries, manufacturer of the Avanti II turboprop twin. The proposed investment by Tata Ltd., which was expected to receive regulatory and other approvals last month, includes the purchase of existing shares from current shareholders and a new share offering.
Corona, Calif.-based Circor Aerospace (Booth No. 2042) has selected India-based HCL Technologies to provide product research and development, IT and engineering services from HCL’s new delivery center in North Carolina and other worldwide centers.
India’s Tata Sons, has agreed to buy a one-third share of Italy’s Piaggio Aero Industries, manufacturer of the Avanti II turboprop twin.
Announced to the financial press on Thursday and at an NBAA press conference yesterday, the proposed investment by Tata Ltd., which is expected to receive regulatory and other approvals later this week, includes the purchase of existing shares from current shareholders and a new share offering.
India’s Kingfisher Airlines announced it will launch its first international service on September 3 between Bangalore and London Heathrow Airport. Kingfisher will serve the route with a new Airbus A330-200, the first of 10 on which it holds delivery positions. Indian law requires that an airline operate domestically for five years before authorities consider it for an international air transport license.
In one of the highest death tolls from a civil helicopter crash in recent memory, 27 offshore oil workers as well as the crew of a Mil Mi-172 were killed August 11 when the rotorcraft crashed into the sea en route to an oil rig off the western Indian city of Bombay.
Flush with a $200 million cash infusion from Indian billionaire Vijay Mallya and a $170 million order book, turboprop and VLJ maker Epic Aircraft announced that it is in initial talks with Airbus on a technology- and knowledge-sharing agreement. However, Epic CEO Rick Schrameck backed away from a statement he made on Tuesday that the value of the Airbus alliance would equal or exceed Mallya’s investment in the company.
“Stay tuned–it’s going to be an interesting company,” Epic Aircraft CEO Rick Schrameck told AIN today, confirming speculation that he has been in talks with Vijay Mallya, chairman of Kingfisher Airlines parent company UB Group, about Mallya acquiring a controlling stake in the start-up aircraft manufacturer.
India’s Kingfisher Airlines exercised options on another 15 ATR 72-500s yesterday during French President Jacques Chirac’s official visit to the subcontinent. The estimated $270 million deal included options on another 20 airplanes and increased to 35 the number of ATR 72s on which Kingfisher has placed firm orders.
Aviation International News traveled from Delhi to Mumbai for the Centre for Asia Pacific Aviation (CAPA) conference on Kingfisher Airlines, because at the time it offered the best schedule and most user-friendly Web site for buying tickets in U.S. dollars using a credit card. We paid $310 (or about INR 12,500) for the round-trip ticket.