InterGlobe Aviation Ltd., the LCC’s owner, has filed a draft prospectus with capital-markets regulator Securities Exchange Board of India for its proposed IPO, to raise around 12.72 billion rupees ($200 million) via sale of new shares, while certain shareholders will also offer for sale more than 30 million shares.
The airline stated in the draft prospectus for its initial public offering (IPO) that “although the term sheet has expired we remain in active discussions concerning the potential acquisition of a significant number of aircraft from the A320neo family.
NEW DELHI—India’s indigenous Light Combat Helicopter (LCH) is likely to enter into series production by year’s end.
“The LCH is expected to receive the Initial Operational Clearance by the end of this year, and thereafter we will start series production of the twin-engine, dedicated combat helicopter [in the] 5.8-ton class,” says T. Suvarana Raju, chairman and managing director of state-owned Hindustan Aeronautics Ltd. (HAL).
India has fast-tracked efforts to build a dedicated communications satellite for the South Asian Association for Regional Cooperation (Saarc) area, hoping to launch it by the end of next year, a senior space scientist says.
An Indian air force Jaguar fighter crashed in the northern state of Uttar Pradesh June 16, highlighting the poor maintenance and safety record of the jet that has been in service for more than four decades.
Swedish Defense Minister Peter Hultqvist, who is currently visiting India, has held detailed discussions with his Indian counterpart, Manohar Parrikar, and is understood to have made a proposal to sell Saab’s Gripen NG single-engine light combat aircraft to the Indian air force.