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India-Russia deal on military transport airplanes

New Dehli, India - They agreed for a manufacturing jv

India and Russia agreed to set up a joint venture to manufacture a military transport plane. Under the deal, each party will pay $300.35 million to the JV's charter capital. Hindustan Aeronautics Ltd (HAL) and United Aircraft Building Company expected to sign a deal in March during Prime Minister Vladimir Putin's visit to New Delhi, but India failed to get the paperwork ready and the signing was...

AVIONEWS - World Aeronautical Press Agency - 1120611
Rome, Italy, 09/13/2010 17:14
AVIONEWS - World Aeronautical Press Agency

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