Hindustan Aeronautic Limited (HAL) has concluded an agreement with Airbus Industries for supply of 2,000 shipsets of forward passenger doors worth US$ 150 million during March 2008.There is no proposal to manufacture A-318, A-319, A-320 and A-321 Aircraft in the country in collaboration with Airbus Industries. Read more hereThe Indian aerospace industry is already world class in key areas. We want to cooperate even more closely with India in the future, to develop long-term partnerships from which both sides will benefit," says Thomas Enders, Airbus CEO and president of the German Aerospace Industries Association (Bundesverband der Deutschen Luft- und Raumfahrtindustrie e.V.,BDLI). Airbus intends to invest 1 billion dolloars in india over 10 years. Read more here
Mahindra & Mahindra Ltd through Systech has been looking at acquisition of a reputed design house and has on Thursday signed an agreement with Engines Engineering S.p.A., agreeing to acquire 100% stake in Engines Engineering S.r.l, the new legal entity which will be formed by transferring the business of Engines Engineering S.p.A. Read more here
