NEW DELHI — India’s Hindustan Aeronautics Ltd. (HAL) has joined with French aerospace company Sagem to manufacture automatic flight-control systems and sensors. HAL entered into a contract with Sagem, a unit of the Safran Group, at the Paris air show. The pact involves technology transfer to set up the production facility for the systems and sensors at its Hyderabad division in southern India, a HAL spokesman says.
AirAsia India has appointed S Ramadorai, a former chief executive officer of Tata Consultancy Services, as its chairman. The appointment came one day after Tata Sons chairman emeritus Ratan Tata was named chief adviser and a month after Mittu Chandilya, a Singapore-based management consultant, as the appointed CEO
India’s Foreign Investment Promotion Board (FIPB) has sought more clarity on the terms and conditions in the sale of Jet Airways stock to Abu Dhabi-based Etihad Airways. In the first transaction since the Indian government relaxed ownership rules to allow foreign operators to buy up to 49% of local airlines in 2012, Etihad in April decided to acquire a 24% stake in the Indian carrier.