The discussions with the rival manufacturers relate to engines that would power about 150 new Airbus SE A320neo jets and the agreement could be worth around $10.7 billion.
The company shipped 47 of its best-selling A320-series narrow-bodies, as well as two of the A220 series in July. India’s Vistara was one of the companies that took delivery.
From Rolls-Royce's Trent 1000 engine to Pratt & Whitney’s engines in the A320neo, companies are juggling production demand, pollution and science to survive the volatile market.
By consolidating 29 laws into four codes, compliance is streamlined and regulations are simplified, improving “ease of doing business”. This is bound to improve investor confidence.
It will be tough for Reserve Bank of India Governor Sanjay Malhotra to get right. Rupee is the worst-performing Asian currency this year against the dollar.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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