Archive For The “Business” Category

Aircraft Recycling International signs MOU with Honeywell, co-develop used aircraft solutions

Aircraft Recycling International (ARI), the first full life solutions provider for used aircraft in Asia, is pleased to announce that it has signed a Memorandum of Understanding with Honeywell Aerospace via its wholly-owned subsidiary, China Aircraft Disassembly Centre (Hong Kong) Limited Company, with regards to the parties’ strategic cooperation intention for expanding aircraft maintenance and […]

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ISRO, NASA to collaborate on space-based sensors, radar systems

India’s space agency, ISRO, and NASA of the US are working on the development of advanced space-based sensors and radar systems that can help sharpen earth observation applications in the future, according to Tapan Misra, Director of the Ahmedabad-based Satellite Application Centre (SAC). One of the focus areas of the joint venture called NISAR (NASA-ISRO […]

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FLY A JET YOU DON’T OWN

If owning a business jet seems tough, the other business mode that has worked in the west is fractional jet ownership. A company or individual buys, or leases, a fractional interest in one aircraft just as they might acquire a partial interest in one condo unit. The concept is still new in India. The future […]

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ISRO to sign MoU with CSIR-NPL to make desi GPS a reality soon

Seeking to make desi GPS – indigenous regional positioning system named as Navigation with Indian Constellation (NavIC) – independent from the US clock system, the Indian Space Research Organisation (ISRO) will sign an MoU with CSIR-National Physical Laboratory (NPL) for time and frequency traceability services. The move will help the desi GPS get formally synchronized with the Indian Standard […]

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India, Russia to soon ink deal on fifth generation fighter aircraft

Russia was the only country for India that transferred all technologies without restrictions, declared Mr Sergei Chemezov, the CEO of Rostec, to the Indian media. Rostec is a Russian state corporation, comprising hundreds of entities, that develops and promotes hi-tech defence and civilian products worldwide. Mr Chemezov was speaking on the sidelines of MAKS 2017 […]

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Israel to partner DRDO for developing missile defence system for India

In a major upgrade to its defences, the Indian Army has signed a MoU with the Defence Research and Development Organisation (DRDO) to raise one regiment of the advanced Medium Range Surface to Air Missiles (MRSAM). The army plans to have a total of five regiments of this air defence system, which will be deployed […]

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ISRO earned 6.1 million euros for 29 foreign nano satellites launched on June 23

Antrix Corporation Limited (ACL), the commercial and marketing arm of ISRO, earned 6.1 million euros (about R. 45.2 crore) from the launch of 29 foreign nano satellites, that were put in orbit along with the Cartosat 2, on June 23. The information was shared by the Prime Minister’s Office in Lok Sabha. The 29 nanosatellites […]

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Reliance Infrastructure gets go-ahead for $1-billion Aerospace Park

Reliance Infrastructure of Anil Ambani-led Reliance Group has received government approvals for its planned $1-billion Greenfield aerospace park near Nagpur.  “We can now start working on the first unit by August and hope to complete it by first quarter of 2018,” said Mr Rajesh Dhingra, chief executive officer at Reliance Defence, an arm of Reliance […]

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Mahindra Aerostructures ties up with Elbit arm

Cyclone, a subsidiary of Israel-based Elbit Systems, and Mahindra Aerostructures have teamed up to collaborate on the production of aerostructure parts and assemblies. The two companies had inked an agreement earlier, and now propose to team up on new work opportunities, even as Cyclone intends to source content for existing work packages from Mahindra. Mahindra […]

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Israel Aerospace’s accelerator seeks to support Indian start-ups

Israel Aerospace Industries (IAI), which is to supply systems for Barak 8 surface-to-air missiles to Bharat Electronics Ltd for installation on Indian warships, is look to engage with start-ups that work in the field of aviation and defence. The decision has sparked interest among Indian conglomerates such as the Kalyani Group and Piramal Enterprises. As […]

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