The joint venture between Tata Advanced Systems and Sikorsky has delivered its first fully indigenous S-92 cabin. The Indian operation is now not only assembling cabins but also producing more than 5,000 associated precision components. At the Hyderabad factory, the capacity has reached four S-92 cabins per month and the 50th was produced in October.
Italy’s Piaggio Aero Industries (Stand 1906) announced before the Dubai Airshow that India’s Tata group is now its largest shareholder, with 44.5 percent of the company’s new equity.
After making a €190 million cash infusion, Tata Ltd., the British arm of the Indian Tata Group, and Abu Dhabi-based Mubadala Development became the main shareholders of Piaggio Aero Industries, while Piero Ferrari remains as a minority stakeholder. Before the transaction, Tata and Mubadala each owned a one-third share in the company.
The bid by Malaysia’s AirAsia to launch a low-fare airline in India with the Tata Group has hit some unexpected turbulence as Singapore Airlines prepares to launch a joint venture with the very same investors.
The corruption trial of former AgustaWestland CEOs Giuseppe Orsi and Bruno Spagnolini is set to resume this month, with defense lawyers prepared to call an international witness list of top government officials and industry leaders. The men are charged with orchestrating bribes in connection with the sale of 12 AW101s to the government of India in 2010 when Orsi was CEO of Finmeccanica unit AgustaWestland and Spagnolini was his deputy.
As India celebrated the centenary year of commercial aviation last month, the nationπs business aviation sector is poised for exponential growth fueled by the nation's expanding economy.
London-based Design Q has taken its work creating private jet cabins to a new level. Ground level, that is. The latest is a stretched Range Rover that the company says “will allow VIPs to travel in exactly the same comfort on the ground as in the air.”
India’s Tata Sons has formed a joint venture with Sikorsky to make parts, including cabin components, for Sikorsky’s S-92A and other aircraft, including those from other OEMs, beginning in 2012. In an agreement announced last month, Tata Advanced Systems (TASL) and Sikorsky said they would construct a new parts-manufacturing facility in Hyderabad in the Indian state of Andhra Pradesh.
Dubai Airshow shoppers looking to buy an aircraft made by a locally owned company need look no further than the Piaggio Avanti II. The eye-catching twin turbo-prop exudes the Italian style of its origins but Piaggio Aero Industries itself is exhibiting here under the auspices of its one-third shareholder Mubadala Development Co. of Abu Dhabi (Stand C510).
Piaggio Aero CEO Alberto Galassi yesterday confirmed that the company’s much anticipated, follow-on aircraft to the P.180 Avanti II turboprop would be a jet. “Definitely,” he said.
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