Gearing up for the summer rush, airlines in Asia Pacific, Europe and the Middle East have launched a raft of offers to draw leisure and business travelers despite higher fuel costs.
NEW DELHI — French naval defense company DCNS has signed a contract for an Indian firm to assist with the indigenization of the Scorpene submarine. The contract was signed between Flash Forge India Pvt. Ltd., based in Visakhapatnam, and DCNS India Pvt. Ltd. on June 7. The six Scorpenes that comprise “Project 75” (P75) are under construction at the Mumbai-based Mazagon Docks Ltd. (MDL) in collaboration with DCNS, at a cost of $4 billion.
PHILADELPHIA and NEW DELHI — The Indian cabinet’s decision to proceed with a U.S. foreign military sale purchase of 10 C-17s should stretch the California-based Boeing production line until 2014. The exact timeline will be dictated by the delivery schedule included in the yet-to-be-signed letter of agreement between the Indian government and the U.S. The 10 aircraft are expected to be delivered in two batches — five aircraft one year and five more the next.