India’s defence acquisition council tonight, May 13, cleared a proposal by Airbus Defence & Space and its Indian partner, the Tata Group, to procure C295 military transport as a replacement for the Indian Air Force’s Avro fleet, for a total amount of 119.3 billion rupees ($1.87 billion). The Airbus-Tata team was the sole bidder to replace Indian Air Force’s (IAF) fleet of 56 Avro aircraft fleet with C295 military transport carrier.
In May 2013, the Ministry had issued a Request For Proposals (RFP) to original equipment manufacturers including US firms Boeing and Lockheed Martin, European multinational Airbus Defense and Space, and Antonov of Ukraine among others.
They were required to tie-up with an Indian private company under which 40 aircraft will be produced here while 16 will be bought off-the-shelf.
Read the full story at Air Recognition