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Maharashtra government has entered a memorandum of understanding (MoU) worth Rs 35,000 crore to set up an aircraft manufacturing company to build aircraft in the state. MoU was signed between Amol Yadav, senior commander with Jet Airways and the Maharashtra Industrial Development Corporation (MIDC) during global investors summit ‘Magnetic Maharashtra’ held in Bandra, Mumbai. Project […]

American multinational GE and the Tata Group have launched work to build a world-class structural Centre of Excellence (COE) focused on aero-engine components in Hyderabad. Facility will come up in Aerospace Park at Adibatla and will incorporate the latest technologies from GE and best manufacturing practices to deliver complex high-precision aero-engine components to the CFM […]

Vistara, an Indian affiliate of Singapore Airlines, is in talks with Airbus SE and Boeing Co to buy jets worth as much as $8.5 billion as the carrier seeks to tap India’s growing middle class, according to people familiar with the plans. Vistara, a joint venture (JV) with majority owner Tata Group, is seeking to […]

GMR Airports, a subsidiary of GMR Group, has entered into an agreement with Malaysia Airports Holdings Berhard (MAHB) to acquire the 11 per cent stake that latter holds in GMR Hyderabad International Airport for Rs.484 crore (about $76 million). In a regulatory filing made to the stock exchange on Friday, GMR informed it will acquire […]

In a major boost to the proposed Jewar International Airport project, estimated to cost Rs.20,000 crore, the UP government has appointed Yamuna Expressway as the nodal agency of the project and directed officials to expedite the land acquisition process for early launch of the ground work. CM has also asked for selecting the consultant soon […]

Airports Authority of India (AAI) plans to spend Rs.20,000 crore in the next five years in building new airports and upgrading the existing ones across the country. Airlines have already given estimate to add about 200 planes in the near future and to cater to the emerging requirement of the nodal agency that has decided […]

French aerospace company Dassault will make an investment of around EUR 100 million in a joint venture with Reliance Aerospace. On 27 October 2017, the foundation stone was laid for the Rs 6,500 crore Dhirubai Ambani Aerospace Park (DAAP) at Mihan in Nagpur. The park will manufacture components for Rafale fighter jets and Falcon civilian […]

International Space Station (ISS) is set to get a new Boeing-built wardrobe to house increasing in-orbit science payloads. Scheduled for a late 2018 delivery, the new racks will expand the capabilities for science research aboard the space station, NASA said on Tuesday. Crew members aboard the International Space Station are currently cramming 20 years’ worth […]

In a recent development, the state government in Andhra Pradesh has issued orders awarding the project for development of green field no-frills Green Field Airport at Dagadarthi in Nellore District to M/s. SCL-Turbo Consortium Pvt. Ltd, under public-private-partnership (PPP). In this connection, already, 1350 acres of land has been identified for the airport. The SCL-Turbo […]