India mulls venture with Russia-France-US group

10th February 2005, Comments 0 comments

BANGALORE, India, Feb 10 (AFP) - India's state-run Hindustan Aeronautics said Thursday it may invest in a consortium led by Russia's Sukhoi and including French and US companies to build a short-haul passenger jet.

BANGALORE, India, Feb 10 (AFP) - India's state-run Hindustan Aeronautics said Thursday it may invest in a consortium led by Russia's Sukhoi and including French and US companies to build a short-haul passenger jet.

"We are still in discussions with the Russian officials of the Sukhoi Design Bureau," Ashok Baweja, Hindustan Aeronautics chairman, told reporters at a press conference at the five-day Aero India conference which began Wednesday.

Baweja said the company was considering a 10 percent stake in the venture, worth some USD 100 million (EUR 78 million), joining US-based Boeing, Russia's Sukhoi and French firm Snecma to make 60-90 seat aircraft for sale worldwide.

He said Russia's Sukhoi had forecast a market of some 800 planes over the next 15 years. "After the financial viability is ascertained we will take a decision," he said.

French aerospace firm Snecma would make the engine, while Hindustan Aeronautics was planning to make components and airframe modules.

Baweja said a 75-seater aircraft was also being planned by the three firms in the consortium.

Hindustan Aeronautics already makes doors for Europe's Airbus aircraft and has tied-up with Snecma to produce helicopter engine parts.

"We are also in talks with Airbus for maintaining its aircraft. We are seriously looking at it as we will be able to offer cost-effective solutions," he said.

© AFP

Subject: French News

0 Comments To This Article