India concludes price negotiations to acquire 62 Airbus C295 transport aircraft - Pratt & Whitney Canada Engine PW127G
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By Rahul Bedi, New Delhi for Jane's Defence Weekly
India's Ministry of Defence (MoD) has concluded price negotiations to acquire a total of 62 Airbus Defence and Space C295 medium transport aircraft (MTA) for the Indian Air Force (IAF) and the Indian Coast Guard (ICG).
IAF sources told Jane's on 28 March that the MoD's Contract Negotiation Committee (CNC) concluded consultations with Tata Advanced Systems Limited (TASL) - which is in a joint venture (JV) with Airbus for the MTA programme - to procure the 62 platforms for around EUR2.8 billion (USD3.15 billion).
They said the aircraft deal - which would include 56 platforms for the IAF to replace the service's ageing fleet of Avro 748M transports, and six for the ICG - is expected to be signed after a new Indian government assumes office following general elections set to begin on 11 April.