Mumbai: A joint project between Russia and India to create a military transport plane has been frozen, according to the CEO of the Russian company. Military transport aircraft (MTA) are typically fixed and rotary wing cargo aircraft used to deliver troops, weapons and other military equipment.
The proposed medium-airlift MTA is being developed as a joint venture project between the Russian concern of the United Aircraft Corporation (UAC), which has under its umbrella Defence firms such as Ilyushin and Irkut, and Hindustan Aeronautics Ltd. Sources indicated that around $600 million was to be spent on the MTA’s development, with both nations sharing the investment equally.
Speaking about the plane – Il-214, Sergey Velmozhkin, CEO, Ilyushin Aviation Complex, the Russian aircraft manufacturer, told Russian news agency TASS that the contract on the Il-214 has not been concluded with the Indian Defence Ministry yet.
03/02/16 Business Line
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The proposed medium-airlift MTA is being developed as a joint venture project between the Russian concern of the United Aircraft Corporation (UAC), which has under its umbrella Defence firms such as Ilyushin and Irkut, and Hindustan Aeronautics Ltd. Sources indicated that around $600 million was to be spent on the MTA’s development, with both nations sharing the investment equally.
Speaking about the plane – Il-214, Sergey Velmozhkin, CEO, Ilyushin Aviation Complex, the Russian aircraft manufacturer, told Russian news agency TASS that the contract on the Il-214 has not been concluded with the Indian Defence Ministry yet.
03/02/16 Business Line
