NEW DELHI — Sweden’s Saab will invest $37.5 million in Indian private sector defense shipyard Pipavav. “Finalization of the investment is expected to be made within three months, under the condition it meets the necessary approval of the shareholders meeting of Pipavav Offshore and Defense Engineering Ltd. (Pipavav) and government approvals,” according to Saab. “After the investment, Saab will hold approximately 3.5% of the capital and votes in Pipavav.”

India’s second-largest, low-fare carrier, SpiceJet, is in talks with Airbus and Boeing to purchase aircraft to expand its domestic and international networks. “The plan is at a nascent stage. Discussions are on with both the companies,” an airline spokesperson tells Aviation Week. “We will look at both the options and take a final decision depending on whichever suits us best,” the spokesperson adds. The no-frills carrier plans to deploy 15% of its capacity on international routes over the next three years, up from 6% currently.

NEW DELHI — The Indian air force (IAF) has opted for Boeing’s Chinook CH-47F to fulfill its requirement for 15 heavy-lift helicopters. Boeing emerged as the lowest bidder when life cycle costs were calculated, edging out a proposal for the Russian Mi-26, a source close to the deal says. “The commercial negotiations with Boeing are expected to begin shortly and the contract negotiation committee will finalize the deal for the Chinook,” the source says.