Vadodara gets Tata-Airbus plant for IAF’s C-295 aircraft
AVIATION & AIRPORTS

Vadodara gets Tata-Airbus plant for IAF’s C-295 aircraft

Tata, Airbus has grabbed the Rs 220 billion project to make C-295 aircraft in Gujarat. The Ministry of Defence (MoD) has announced that it had for the first time entrusted a private firm, Tata Advanced Systems (TASL), to manufacture an entire aircraft for the military. This contract is expected to s...

Tata, Airbus has grabbed the Rs 220 billion project to make C-295 aircraft in Gujarat. The Ministry of Defence (MoD) has announced that it had for the first time entrusted a private firm, Tata Advanced Systems (TASL), to manufacture an entire aircraft for the military. This contract is expected to support the development of India’s aerospace ecosystem, bringing 15,000 skilled direct jobs and 10,000 indirect positions over the coming decade, besides a large investment. In September 2021, the MoD had signed a Rs 219.35 billion contract with Airbus for 56 C-295 aircraft. Since they were to replace the Indian Air Force’s aged fleet of Avro HS-748 aircraft, this deal earned the sobriquet of ‘Avro replacement programme’. Contact: Ministry of Defence Tel: 011-2301 5444 E-mail: jse@nic.in Website: mod.gov.in

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Infrastructure Transport

Merger with Vistara to be complete by December; Air India CEO

Vinod Kannan, CEO, Vistara, had previously informed reporters in January about his anticipation of an operational merger with Air India by mid-2025. ?The integration of approximately 7,000 employees of Vistara will begin in June, with its merger into Air India targeted to be completed by this year?s end?, said Campbell Wilson, CEO & MD, Air India. During a town hall meeting, both Wilson and Kannan addressed employees from both carriers. Wilson disclosed that 120 pilots have been seconded between the two airlines, along with approximately 60 non-flying staff from Vistara being seconded to Air..

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Infrastructure Urban

Tata Motors to restructure NBFC arms with Tata Capital for streamlined operations

Tata Motors is strategizing a significant restructuring move, aiming to separate its vehicle financing subsidiaries under Tata Motors Finance Ltd and merge them with Tata Capital. This initiative, as insiders revealed, seeks to streamline operations and alleviate the balance sheet leverage of the automotive giant.

The proposed process involves a share-swap agreement wherein Tata Sons, the conglomerate's holding company, will offer Tata Capital shares to Tata Motors, resulting in the latter acquiring a minority stake in Tata Capital.

Tata Capital, a flagship financial services e..

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Infrastructure Urban

Aurm Partners with TATA AIG to offer high-end safe vaults

Aurm, a Bangalore-based asset protection firm known for its secure vault services, has announced a strategic partnership with TATA AIG General Insurance, to provide comprehensive insurance coverage to Aurm customers for their entrusted valuables.

Speaking about the partnership, Mrudul Murthy, Vice President, SME, TATA AIG General Insurance said, “We are happy to partner with Aurm to offer an innovative cover to insure one’s personal assets. Coupled with renowned Aurm’s security infrastructure and technology, TATA AIG’s insurance coverage for safe vault owners will provide them..

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Infrastructure Transport

Noida Airport to be linked by expressway, rapid rail, and pod taxi

The construction of Noida International Airport, also known as Jewar airport, was in its final stages, and passenger services were expected to begin in October. The airport would be linked by six roads and a rapid rail-cum-metro, in addition to pod taxis.

Upon completion, the Noida airport was projected to be the largest in India and the third in the National Capital Region (NCR) after Delhi airport and Hindon airbase in Ghaziabad.

A 31-km greenfield expressway was being built to connect the airport to the Delhi-Mumbai Expressway at Ballabhgarh.

The National Highway Aut..

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Infrastructure Transport

Nagpur Airport: Mihan Dream grounded, vantage point lost

Nagpur's unique and strategic central location was once lauded for placing it on the nation's aviation map. It was hailed for its efforts in creating a harmonized air traffic management system with continuous airspace over the city, alongside establishing a centralized cargo hub. However, Dr Babasaheb Ambedkar International Airport is currently mired in apathy and has seemingly vanished from the national radar across various parameters, barely meeting the standards expected of a tier-2 city airport.

The airport, bearing its international tag, serves merely two flights to two foreign de..

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