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India and Russia agree on workshare for PAK FA 5th Gen fighter

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India and Russia have agreed on the distribution of work with their joint production of the Sukhoi Pak FA. India will invest US$4 billion in the project and acquire at least 100 of the aircraft. The Indian version of the aircraft is to be designated the FGFA (Fifth Generation Fighter Aircraft). The agreement will be formalised in October when President Vladimir Putin is scheduled to visit Goa for an Indian-Russian Summit. India is pleased with the new deal as Russia is to share with India some of the new technology which is to be incorporated in the aircraft. The slow progress in getting an agreement saw India consider pulling out as there was no new technology or production on offer.

Asia’s vibrant airline industry continues to grow

Boeing has predicted China will require 6,810 new airliners over the next 20 year worth an estimated US$1.025 trillion. Randy Tinseth, vice president of marketing, Boeing Commercial Airplanes, said: "As China transitions to a more consumer based economy, aviation will play an important role in its economic development.” "Because travel and transportation are key services, we expect to see passenger traffic grow 6.4 percent annually in China over the [...]

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Airbus' growing A380 problem

Airbus has a growing problem with the number of A380s that will soon appear on the second-hand aircraft market and its failure to sign contracts for the sale of new aircraft. It has sold 318 A380s and delivered around 140. The slow sales has forced a production cut to one a month from the existing 2.5. But as world [...]

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50% offset in India's 36 Dassault Rafale order

In New Delhi, on September 23 India’s Defence Minister Manohar Parrikar and his French counterpart Jean-Yves Le Drian, signed a longnegotiated 7.8 billion euros (US$8.7 billion), contract for the acquisition of 36 Dassault Rafale 4th generation fighters. The contract comes with a 50% industrial offset agreement, which will give a high tech boost to Indian industry. . Dassault must sign up offset partners for the work within 12 months, and [...]

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