MoD inks Rs 21k cr deal with Airbus for 56 IAF planes

The Union defence ministry on Friday inked the over Rs 21,000 crore (around $3 billion) contract with Airbus Defence and Space (Spain) to acquire 56 C-295 medium transport aircraft to replace the old Avro planes of the IAF. Airbus will deliver 16 of the twin-turboprop C-295MW aircraft in a flyaway condition within two years, with the remaining 40 being manufactured in India by the Tata Consortium under a joint industrial partnership within 10 years.

from Times of India https://timesofindia.indiatimes.com/india/union-defence-ministry-inks-rs-21000-crore-deal-with-airbus-for-56-iaf-planes/articleshow/86496886.cms