Looking to expand its fleet in India's booming aviation sector, Gurugram headquartered Vistara ordered six Boeing 787 jets and thirteen Airbus SE A320neos valued at $3.1 billion. "India’s position as the world’s fastest growing domestic aviation market and its impressive growth in air passenger traffic that has more than doubled...
Pattonair to Establish Repair Presence in India
Derby, U.K. headquartered Pattonair, a provider of supply chain services for maintenance-repair-overhaul (MRO) and airframe manufacturers, will open a wholly-owned subsidiary and support facility in Bangalore, in January 2019. Mark Ness, commercial director for India at Pattonair, said that the company will not only aim to work with customers in...
Juster: U.S. Offers Critical Defense Technology to India
Speaking at a U.S.-India Business Council seminar on April 18, the first day of the defense exhibition DefExpo-18 at Chennai, U.S. envoy to India Kenneth Juster said that the U.S. will transfer critical defense technology to India in May -- a technology that will be exclusive, and one that the U.S. hasn’t...
India Becoming R&D Hub for Multinationals
Multinational from the Americas, Europe, and APAC have set up research hubs to work in the areas of R&D, Business Process Management and IT. More than 1,000 multinational companies have established engineering and research and development centers — known as global in-house centers or GICs — in India. Among these...
At India's DefExpo 2018, Multinationals Ink Partnerships
India’s largest Land, Naval, and Internal Security System’s Exposition, DefExpo India, has become one of the largest events of its kind in the world for the last 10 years. Defense Expo 2018 was a four-day event at the southern city of Chennai, India. The tagline this year was "India: The...
CFM International and India's SpiceJet Sign $12.5 Billion Deal
The joint venture between GE Aviation, and France-based Safran Aircraft Engines, CFM International, announced a $12.5 billion agreement by which Gurugram India-based SpiceJet will purchase LEAP-1B engines to power a total of 155 Boeing 737 MAX airplanes, along with spare engines to support the fleet. SpiceJet currently operates a fleet...