50 SKY SHADES - World aviation news

Russia, India Finalizing Agreement on Fighter Jet Development Work - Minister

Download: Printable PDF Date: 19 Mar 2017 13:51 category:
Publisher:
Russia, India Finalizing Agreement on Fighter Jet Development Work - Minister - Manufacturer publisher
Krista Kuznecova
Country: Russian Federation Aircraft: Airplanes
Source: Ruaviation

Russian-Indian agreement on separation of research and development work on the Fifth Generation Fighter Aircraft (FGFA) is on its final stage, Russian Minister of Trade and Industry Denis Manturov said Friday, adding that India would have equal rights over aircraft in case it invested money into the project.

On Thursday, Indian media reported that the country was ready to develop the project with Russia only under the condition of complete transfer of technology.

"It's not free transmitted, it is not a gift, money is invested in this project. The first part [of agreement] is already under implementation. We are talking at the moment about completion of the negotiations of the second stage — research and development work, which is set to co-financing," Manturov said, adding that the Indian side would also have equal rights on possessing the technology in case of co-financing.

The FGFA project is part of the "Make in India" initiative launched by Prime Minister Narendra Modi in 2014. In the project, the Russian side is represented by the Sukhoi aircraft manufacturer and the Indian side by the Hindustan Aeronautics.

The agreement will be reportedly designed for six years, with estimated cost of 127 aircraft amounting to $25 billion.



Loading comments for Russia, India Finalizing Agreement on Fighter Jet Development Work - Minister...


Recommended

XTI Aircraft on Schedule with Development of Flying Prototype

XTI Aircraft Company (XTI) announced it is on schedule and on budget as it completes the ducts and fans for its 60% scale flying prototype of the TriFan 600 aircraft and moves toward...

Azerbaijan Airlines CJSC and Boeing enter a new stage of cooperation

At the invitation of Azerbaijan Airlines, President and Chief Executive Officer of Boeing Commerical Airplanes, Kevin McAllister arrived in Baku on February 22. During the negotiations, the pa...

Airbus delivers its first A350-1000 to launch customer Qatar Airways

The carrier shapes the future of air travel with leading A350 XWB widebody fleet Airbus has delivered the world’s first A350-1000 widebody airliner to launch customer Qatar Airways at a deliv...

hullo Aircrew celebrates online platform launch at London Oxford Airport

New technology will save operators time and money when sourcing crew Following the successful introduction of the hullo Aircrew brand at EBACE last year, the technology start-up has officially laun...