logo
Dassault, Reliance to build luxury jets in India

Dassault, Reliance to build luxury jets in India

Hindustan Times3 days ago

NEW DELHI: The Falcon 2000LXS business jets will be manufactured in India, outside France for the first time, with French aircraft maker Dassault Aviation and Reliance Aerostructure Limited on Wednesday announcing their partnership to build the luxury planes in Nagpur.
The agreement to build the planes in India for the global market was signed at the ongoing Paris Air Show. A Falcon 2000LXS jet can carry eight to 10 passengers.
The maiden flight of the first Made-in India jet will take place by 2028 from the Dassault Reliance Aerospace Ltd (DRAL) facility in Nagpur, the French aircraft maker said. DRAL is Dassault's joint venture with Anil Ambani's Reliance Aerostructure Limited. The new assembly line will produce 24 jets a year, people aware of the matter said.
'This is for the first time that Dassault Aviation will manufacture Falcon 2000 jets outside France, positioning India as a strategic global aviation hub,' Dassault Aviation said in a statement, adding that India joins an elite club of countries manufacturing next-generation business jets including the United States, France, Canada and Brazil.
The development comes days after Dassault Aviation and Tata Advanced Systems Limited (TASL) announced their partnership to build the Rafale fuselage at a facility being set up in Hyderabad, in a move that is seen as a big leap for the government's wide-ranging Make-in-India initiative. The fighter jet's fuselage will also be produced outside France for the first time.
'This new agreement, which will make DRAL the first centre of excellence for Falcon assembly outside France and which will eventually enable the establishment of a final assembly line for the Falcon 2000, illustrates, once again, our firm intent to meet our 'Make in India' commitments, and to contribute to the recognition of India as a major partner in the global aerospace supply chain,' said Dassault Aviation chairman Eric Trappier.
The foundation of the DRAL facility near Nagpur airport was laid in October 2017. The new agreement takes forward DRAL's earlier plans to build the jets in India, which were stalled due to the Covid-19 pandemic.
'It marks the ramp-up of DRAL, in line with the strategic vision shared with our partner Reliance,' Trappier said.
This collaboration reflects DRAL's commitment to Prime Minister Narendra Modi's vision of 'Atmanirbhar Bharat' (self-reliant India) and 'Make in India for the World,' said Reliance Group founder chairman Anil D Ambani.
'Our partnership with Dassault Aviation for manufacturing Falcon business jets in India is a defining moment for the country, aviation industry and the Reliance Group. This will help position India as a key force in the global aerospace value chain,' Ambani added.
The collaboration entails transfer of full fuselage of the Falcon 2000LXS jets and wing assembly operations along with major facility upgrades, Dassault Aviation said, adding that it will also transfer the assembly of the front section of Falcon 8X and Falcon 6X business jets.
'Since delivering its first Falcon 2000 front section in 2019, DRAL has assembled over 100 major sub-sections for the Falcon 2000, underscoring its world-class precision manufacturing capabilities and playing an integral role in the Falcon global production programme,' the statement added.
Dassault Aviation and TASL will supply the Rafale fuselages for India and other international markets 2028 onwards. Some of the 26 Rafale Marine fighters ordered by India for its navy will come with locally produced fuselages.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Florian Wirtz joins list of most expensive soccer signings in history
Florian Wirtz joins list of most expensive soccer signings in history

New Indian Express

timean hour ago

  • New Indian Express

Florian Wirtz joins list of most expensive soccer signings in history

Florian Wirtz became one of the most expensive players in soccer history when the Germany playmaker joined Liverpool from Bayer Leverkusen on Friday for a fee of up to 116 million pounds ($156 million). Neymar: $262 million (222 million euros) Paris Saint-Germain shattered the world-record transfer fee by signing the Brazil superstar from Barcelona in August 2017. It was more than double the outlay of Manchester United to sign Paul Pogba from Juventus for $116 million a year earlier. It remains the record transfer fee. Kylian Mbappé: $216 million (180 million euros) A few weeks after buying Neymar, PSG also secured a loan deal for Mbappé — then the rising star of French soccer playing for Monaco — that included the option to make the move permanent in 2018. PSG did so, making it an outlay of nearly $500 million on two players. Philippe Coutinho: $192 million (160 million euros) Flush with cash after selling Neymar a year earlier, Barcelona spent most of it in a deal to buy Brazil playmaker Coutinho from Liverpool for a Spanish record fee. Moises Caicedo: $146 million (115 million pounds) The Ecuador midfielder's move was previously the most expensive deal by a British club, with Chelsea buying him from Brighton in August 2023. João Félix: $140 million (126 million euros) Atletico Madrid triggered a buyout clause in Félix's contract to sign the Portugal forward from Benfica in August 2019. Jude Bellingham: $139 million (128.5 million euros) The England star got his big move to Real Madrid from Borussia Dortmund in June 2023, for an initial up-front fee of 103 million euros plus add-ons linked to performance. Antoine Griezmann: $134 million (120 million euros) Atletico could afford to sign Félix after selling France forward Griezmann to Barcelona for a similar fee a few weeks earlier. Neymar: $98 million (90 million euros) Outside from Europe, the biggest transfer deal also involved Neymar when he joined Al Hilal, a team in the Saudi Pro League, from Paris Saint-Germain in August 2023. That came at the height of Saudi Arabia's push to sign high-end soccer talent to ignite the oil-rich state's domestic league.

French President Macron throws 'Starlink challenge' at Europe; comes after Donald Trump said US no longer willing to be main guarantor of Europe's security
French President Macron throws 'Starlink challenge' at Europe; comes after Donald Trump said US no longer willing to be main guarantor of Europe's security

Time of India

time3 hours ago

  • Time of India

French President Macron throws 'Starlink challenge' at Europe; comes after Donald Trump said US no longer willing to be main guarantor of Europe's security

(Darryl Dyck/The Canadian Press via AP) French President Emmanuel Macron endorsed plans for a European satellite manufacturing powerhouse and urged faster deployment of Starlink-like satellites, declaring space he new theatre for world power and key arena for global power competition. According to a report by Reuters, speaking at the Paris Airshow, after France moved to take control of Eutelsat , a Starlink rival, Macron outlined a strategy to challenge U.S. billionaire Elon Musk's expansive rocket-to-telecoms empire, emphasizing a robust push across launchers, manufacturing, and services. "At the intersection of all these public and private questions, as well as civil, military, scientific and industrial ones, space has in some way become a gauge of international power," Macron told delegates, according to Reuters. The Airshow, set against the backdrop of Israel-Iran tensions, focused on geopolitical and trade issues rather than typical jetliner orders, with space taking center stage on Friday, Reuters noted. Europe, a leader in Earth observation, has lagged behind the U.S. and China in the strategic space domain, losing independent orbital access for over a year in 2023 due to technical issues, delays, and severed Russian ties over Ukraine, which ended Soyuz rocket use. Europe lags way behind US and China in Space Tech by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo Despite being the world's top satellite exporter, Europe's key manufacturers—Airbus and a Thales-Leonardo partnership—face profitability challenges and aim to consolidate, Reuters said. Macron voiced strong support: "They have our full support and confidence. I want us to build this new champion as soon as possible." He added, "This is what will allow us, as Europeans, to have the scale to improve competitiveness and volume. It's a sector consolidation." Driven by competition from Musk's cost-effective Starlink satellites and a shift from high-orbit bespoke satellites, Airbus, Thales, and Leonardo are exploring a joint venture, codenamed Project Bromo, though past consolidation attempts were blocked by competition concerns, Reuters reported. Russia-Ukraine conflict showed importance of Space tech The strategic importance of satellite services, underscored by Ukraine's conflict, prompted France to invest $1.55 billion in Eutelsat, boosting its shares, Reuters noted. However, European space budgets pale compared to U.S. and Chinese spending, with the U.S. holding nearly two-thirds of the global space budget in 2023, while Europe accounted for just 11%, per the European Space Agency. Macron's space ambitions face fiscal constraints as France grapples with public finance control after last year's spending surge, Reuters said. Jean-Pierre Darnis, an associate fellow at the Foundation for Strategic Research, told Reuters, "Partnership between public and private capital will be needed and this requires a considerable effort." The Airshow also reflected Europe's push for sovereignty amid doubts about U.S. security commitments, with Vago Muradian, founder of the Defense & Aerospace Report, quoted by Reuters saying, "The big story of this show is sovereignty in the wake of some of the statements by (Trump) questioning U.S. commitment to Europe and to NATO." Europe's defense spending is rising, and some suppliers are offering "ITAR-free" products to bypass U.S. export controls, a senior European industry official told Reuters. Meanwhile, the commercial side of the show was subdued after an Air India Boeing 787 crash, with Boeing avoiding announcements while Airbus and Embraer secured deals earlier, Reuters reported.

Macron challenges Europe to rival US, China in space
Macron challenges Europe to rival US, China in space

Time of India

time5 hours ago

  • Time of India

Macron challenges Europe to rival US, China in space

By Tim Hepher, Giulia Segreti, Makini Brice PARIS: President Emmanuel Macron threw France's backing behind plans for a European satellite manufacturing champion and called for accelerated deployment of Starlink-type satellites as he declared space the new theatre for world power competition. Speaking at the Paris Airshow on Friday, after France moved to take control of Starlink competitor Eutelsat , Macron called for an energetic push spanning launchers to manufacturing and services as he set out a strategy to counter the sprawling rocket-to-telecoms interests of U.S. billionaire Elon Musk. Staged amid the conflict between Israel and Iran, the world's largest aerospace event has mostly been dominated by geopolitical and trade tensions and fragile supply chains, rather than the usual glittering jetliner order announcements. On Friday, attention turned from defence displays to space. "At the intersection of all these public and private questions, as well as civil, military, scientific and industrial ones, space has in some way become a gauge of international power," Macron said in a speech to delegates. Europe has taken a lead in Earth observation but has struggled for years to keep up with the United States and China in a domain now considered as strategic as the planet's oceans. It lost independent access to orbit for more than a year in 2023 following technical problems, delays and a breakdown of ties with Russia over Ukraine that halted use of Soyuz rockets. Despite Europe being the world's largest exporter of satellites, its two main manufacturers - Airbus and a tie-up between Thales and Italy's Leonardo - have struggled to make money and want to pool those activities. "They have our full support and confidence. I want us to build this new champion as soon as possible," Macron said. "This is what will allow us, as Europeans, to have the scale to improve competitiveness and volume. It's a sector consolidation." Under pressure from Musk's cheaper low Earth-orbit Starlink satellites and a shift away from bespoke satellites in higher orbit, Airbus, Thales and Leonardo have said they are discussing plans code-named Project Bromo to forge a combined venture. Previous efforts to pool satellite-making have been thwarted by competition concerns. DEFENCE SPENDING In a third battleground, the importance of satellite services and connectivity has been highlighted by Ukraine. On Thursday, France agreed to inject $1.55 billion into debt-laden Eutelsat, sending its shares soaring. U.S. and Chinese spending on space dwarfs European budgets and insiders say industrial squabbling has curbed co-operation. The European Space Agency says the U.S. accounted for nearly two-thirds of the global space budget in 2023; Europe just 11%. Space budgets may get a lift from defence funds flowing into the sector. But fiscal room for Macron's new agenda is tight. "Partnership between public and private capital will be needed and this requires a considerable effort", said Jean-Pierre Darnis, associate fellow at the Foundation for Strategic Research. France is struggling to get public finances under control after spending spiralled higher last year. Europe is already hiking defence spending after U.S. President Donald Trump's team made clear that the United States was no longer willing to be the main guarantor of Europe's security. "The big story of this show is sovereignty in the wake of some of the statements by (Trump) questioning U.S. commitment to Europe and to NATO," said Vago Muradian, founder of the Defense & Aerospace Report. Macron flew into Le Bourget days before a NATO summit on a French Air Force A400M transport plane - itself a symbol of Europe's shifting priorities after years of battles over costs. The future of Europe's troop plane had been under threat after some of its European NATO sponsor nations including France and Spain slowed the pace of deliveries or cut their orders. Exports have also fallen short of expectations. But Airbus signed an agreement with procurement agency OCCAR at the show to stabilise production until 2029. Weapons makers and buyers are increasingly touting the label "ITAR-free" to avoid getting caught up in U.S. export controls for certain components, a senior European industry official said. ITAR stands for International Traffic in Arms Regulations. Some U.S. suppliers are scoping out ways of offering ITAR-free product lines to avoid being left out by the European spending wave, analysts said. The commercial side of the show fell silent on Friday after being overshadowed by last week's crash of an Air India Boeing 787 jet in India. Boeing sat out any announcements as Airbus and Embraer rolled out deals earlier in the week. Some airlines are shunning such shows to announce purchases in Washington or other capitals as aircraft become a currency of choice in a new style of transactional politics, delegates said. Organisers said the show nonetheless had record attendance.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store