RIAN and ITAR-TASS news agencies reported, the Indo-Russian agreement for prospective medium transport aircraft development and building was signed in Moscow.
Under the deal, each party will pay $300.35 million to the JV's charter capital. Unfortunately the official English translation did not include some details, then worth to add some points.
Hindustan Aeronautics Ltd (HAL) and United Aircraft Building Company expected to sign a deal in March during Prime Minister Vladimir Putin's visit to New Delhi, but India failed to get the paperwork ready and the signing was delayed.
- HAL will have 50% of the shares, UAC - 25% and RosOboronExport - 25%.
Manufacturing facilities will be set up both in Russia and in India. A total of 205 planes are to be made, 30% of which may be exported to third countries.
- As the MRTA Russian aircraft design house 'Ilushin' chief Victor Livanov said at the briefing, the Russian AF plan to purchase 100 planes and India - 45. It will allow to gain the manufacturing without losses. If taking the into consideration the World civil market the prospective level of sells can gain 390 aircrafts. 'The niche of 20 t payload is the most essential on the market. MTA will become the An-12 successor' - he add: 'First time the countries will develop, sell, give service and utilization for a transport plan'. On the first step the common engineering center will be organized in Moscow, and the Indo-Russian team will start the sketch projecting. After that on the stage of work project the aircraft will be divided to compartments, each of which will be designed by different teams composed with UAC and HAL engineers.
Russia and India signed an intergovernmental agreement on the joint development and manufacturing of the Medium Transport Aircraft (MTA) in 2007.
- 'This is the first step towards JV setting according to the intergovernmental decision' - the vice-president of the Federal State Office for Military-technological Cooperation Alexander Fomin said on the briefing. As the HAL chief Ashok Nayak added the Indo-Russian JV with the name 'MTA Limited' will be established and registered in India in 2 months (in Bangalore as reported in India), and will have its filial office in Russia. I personally evaluate the localisation point as a big victory for Indian air-building industry and a possible cause for why the negotiations were going so long.
The first MTA is expected to make its maiden flight in 2016-18.
- First time they declared a clear schedule for the work, which sounds rather realistic in my eyes. The new medium transport aircraft will have advanced aerodynamics, option for 5th gen high-bypass turbofan installing with possibility for 4th gen engine installation too. Its planned full load range is 2250 km. The part of composites in its airframe structure is yet decided. Considering new composite manufacturing lines are under the construction in India and Russia, and will be ready till 2013, the new plane at least will have composite wings.