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.
flydubai announced that applications are now open for its newly launched Flight Dispatcher Programme for Emirati talent. Following the MoU signed earlier this year with Emirates Aviation University, t...
Textron Aviation will return to the Farnborough International Airshow with a Cessna SkyCourier on static display, giving global customers and media an up‑close look at the aircraft’s e...
Tecnam announced the appointment of Altair Solutions as its Official Maintenance, Training and Certified Pre-Owned Partner, reinforcing its long-standing commitment to customer excellence an...
De Havilland Canada announced the delivery of the first of two Twin Otter Classic 300-G aircraft to Ethiopian Airlines, Africa’s largest airline.The aircraft will support Ethiopian Airlines&rsqu...
