THE MINISTRY OF DEFENCE (MOD) HAS REBUFFED REPORTS that India has invoked penalties against the US jet engine manufacturer General Electric (GE) which signed a $716 million deal with HAL in 2021 for 99 F404 engine for Light Combat Aircraft (LCA) Tejas Mk1A.
In a message to journalists on the evening of October 29, the Ministry of Defence (MoD) said, “It has been noted that some media organisations have carried a story that India plans to impose penalties on GE for the delay in delivery of Tejas engines. The story is factually incorrect as no such proposal was considered. The contract is between HAL and GE.”
The false reportage was based on the delays from GE and the speculations that the government might impose a penalty. However, it is a pertinent fact that there is an inherent clause – Liquidity Damage –which is embedded in such high stake deals through government-to-government (G-to-G) routes and many cases of military procurement. According to the contract, the first tranche of the jet engines was supposed to start by 2023. In fact, the talks on engine supply did take place during the recent visit of Prime Minister Narendra Modi and Defence Minister Rajnath Singh to the US. As reported, GE has committed to start delivering the engines (F404) for LCA Tejas Mk1A by March/April 2025.
THE ENGINE BLUES FOR TEJAS
The contract was signed in August 2021 between GE and HAL. According to the contract, the US engine maker was to start delivery of 99 engines for the 83 LCA Mk1A last year. The delay has certainly caused the IAF to red-flag the issues at the highest level, leading to multiple talks with the firms and officials from the MoD, India.
Bu hikaye SP’s Aviation dergisinin Issue 9, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye SP’s Aviation dergisinin Issue 9, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
KLM: THE WORLD'S OLDEST AIRLINE STILL GOING STRONG!
In 1930, KLM began scheduled passenger service between Amsterdam and Jakarta. The Fokker F.XII plane took 10 days to reach, including 81 hours of flying time. It was the world's longest scheduled flight before the Second World War.
SPICEJET'S $90 MILLION DEAL WITH CANADIAN Q400 PLANES
SpiceJet has successfully resolved a significant dispute with Bombardier over a fleet of Q400 turboprop planes in the form of a $90 million settlement, marking the end of a prolonged legal battle that also has broader implications for the Indian aviation sector
TAPPING THE UNCHARTED WATERS
Seaplane services are expected to transform regional connectivity in India, boost tourism, create jobs, and foster economic development, particularly in hard-to-reach coastal and inland regions
FLIGHT PLAN FOR NAVIGATING BUSINESS AIRCRAFT FINANCING
The business aircraft financing market has witnessed significant growth post-pandemic, driven by increased demand for private and chartered flights
TRUMP'S VICTORY: WHAT WILL IT UNFOLD FOR INDIA
For India, one of the most significant aspects of Trump's return will be his approach to China. There is a possibility that Trump will continue to view India through a transactional lens, prioritising trade deficits and economic returns. The role which the US plays as the global tech powerhouse is the model for future growth which cuts across economy to security. In all potential, there are mostly positive signs, rather another defining era for Indo-US relations could unfold if indicators are right. The convergence of mutual interest for both democracies is too obvious.
ANTARIKSHA ABHYAS-2024
The first ever tri-services Defence Space Exercise was a significant building block towards holistic capability in global space operations
INDIA'S GSAT-20 SATELLITE LAUNCHED
Symbolising growing technology, growth & collaboration, this mission highlights India's dedication to leveraging space technology for societal progress, expanding its role in commercial space ventures while underscoring the potential for India's heavy-lift launch vehicles to capture future opportunities
A LEGACY OF PRECISION, POWER, AND POISE IN THE SKIES
With a vision for comfort, excellence and sustainable aviation, Dassault's Falcon family embodies the peak of technological and environmental advancements
INDIA'S RICHEST BUYS BBJ
Private jets play a strategic role in allowing business magnates like Ambani to optimise time management, particularly critical given his global business commitments and a packed travel schedule.
PRIME MINISTER INAUGURATES AIRCRAFT COMPLEX FOR MANUFACTURING OF C295 AIRCRAFT
Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez jointly inaugurated the TATA Aircraft Complex for manufacturing of C295 aircraft at TATA Advanced Systems Limited (TASL) Campus in Vadodara, Gujarat on October 28, 2024.
