Indo-Russian multirole aircraft deal on anvil

Moscow: India and Russia would sign the fifty-fifty deal for the joint development of multirole transport aircraft (MTA) within two months, an industry official has said.
"We have already identified sources of financing and worked out the business plan," president of Irkut Aircraft Corporation Oleg Demchenko was quoted as saying by Interfax military news agency.
MTA would be a fifty-fifty financing project between Hindustan Aeronautics Ltd. (HAL) on one side and Russia's Irkut, Ilyushin and Rosoboronexport Corporations on the other to develop a hi-tech transport plane for the armed forces of the two countries with the eye on capturing a chunk of international market.
However, Russia's share in joint development work would amount to 65 per cent in MTA designed to replace aging Soviet-era Antonov fleet in service in the air forces of the both countries would be assembled simultaneously in India and Russia.
27/05/07 Zee News

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