Flamingo, UAC Sign Deal for Six IL-114-300 Aircraft

30 Jan 2026 CW Team

The partnership is expected to lead to complete manufacturing of the aircraft in India over time, supporting local supply chain development and employment across the aviation sector. The initial order represents the first phase of the programme, with provisions for future expansion based on market demand and operational readiness.

Under the agreement, UAC has provided Flamingo Aerospace with a cooperation framework and a roadmap for developing aviation capabilities in India. This will enable phased industrial activities such as aircraft assembly, customisation, maintenance, repair and overhaul (MRO), and preparation for manufacturing and infrastructure development. The collaboration is subject to definitive agreements and regulatory approvals. Flamingo Aerospace has also expressed interest in other UAC programmes for potential promotion in the Indian market.

Subhakar Pappula, Founder & CEO, Flamingo Aerospace, said, “We are laser-focused on supercharging regional connectivity while advancing India’s UDAN vision for a self-reliant aviation powerhouse. United Aircraft Corporation stands as our strategic cornerstone partner in this mission, delivering cutting-edge aircraft, proprietary technologies, and localized manufacturing expertise to the Indian market. Together, we are forging a resilient foundation for aviation infrastructure, high-skill job creation, and global competitiveness that propels India to the forefront of aerospace innovation.”

Vadim Badekha, CEO, United Aircraft Corporation, said, “The Indian air travel market is growing at the fastest rate in the world. Passenger numbers are growing annually by up to 11%. India is the world's third-largest air travel market. This creates the preconditions for the commercial success of our regional aircraft in the local market, which we confirmed today by signing the first contract for the delivery of Il-114-300 aircraft with Flamingo Aerospace. While the signed framework agreement covers the delivery of six aircraft starting in 2028, we plan to expand our cooperation with Flamingo Aerospace to include new mutually beneficial collaborations in the future.”

Flamingo Aerospace and United Aircraft Corporation (UAC) have signed a purchase agreement for six 68-seater IL-114-300 regional aircraft at Wings India 2026, marking the start of a phased programme aimed at strengthening regional connectivity in India.The partnership is expected to lead to complete manufacturing of the aircraft in India over time, supporting local supply chain development and employment across the aviation sector. The initial order represents the first phase of the programme, with provisions for future expansion based on market demand and operational readiness.Under the agreement, UAC has provided Flamingo Aerospace with a cooperation framework and a roadmap for developing aviation capabilities in India. This will enable phased industrial activities such as aircraft assembly, customisation, maintenance, repair and overhaul (MRO), and preparation for manufacturing and infrastructure development. The collaboration is subject to definitive agreements and regulatory approvals. Flamingo Aerospace has also expressed interest in other UAC programmes for potential promotion in the Indian market.Subhakar Pappula, Founder & CEO, Flamingo Aerospace, said, “We are laser-focused on supercharging regional connectivity while advancing India’s UDAN vision for a self-reliant aviation powerhouse. United Aircraft Corporation stands as our strategic cornerstone partner in this mission, delivering cutting-edge aircraft, proprietary technologies, and localized manufacturing expertise to the Indian market. Together, we are forging a resilient foundation for aviation infrastructure, high-skill job creation, and global competitiveness that propels India to the forefront of aerospace innovation.”Vadim Badekha, CEO, United Aircraft Corporation, said, “The Indian air travel market is growing at the fastest rate in the world. Passenger numbers are growing annually by up to 11%. India is the world's third-largest air travel market. This creates the preconditions for the commercial success of our regional aircraft in the local market, which we confirmed today by signing the first contract for the delivery of Il-114-300 aircraft with Flamingo Aerospace. While the signed framework agreement covers the delivery of six aircraft starting in 2028, we plan to expand our cooperation with Flamingo Aerospace to include new mutually beneficial collaborations in the future.”

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Real Estate

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Real Estate

06 Apr 2026

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..