NEW DELHI — India and Russia have agreed on a collaboration to jointly develop and manufacture civilian aircraft and helicopters, especially for emergency relief and medical purposes. Under the agreement, a joint venture company will be established in India for manufacturing and modifying Ka-226T light helicopters for medical, rescue and other purposes, a senior government official says.
Air India’s restructuring is likely to be severely affected after the Indian government decided to stop, for now, promised financial support. “The ministry of finance has delayed the equity infusion into the airline due to the high fiscal deficit and the falling rupee,” an Air India official says.
