HAL in $700m JV with Irkut Corp

Hindustan Aeronautics has entered into a $700-million joint venture (JV) agreement with Irkut Corporation of Russia for manufacturing 60-tonne multi-role transport aircraft (MRTA). Under this 50:50 JV, Ilyushin Design Bureau of Russia will design the MRTA and Irkut corporation of Russia will develop the aircraft.

Series production of 100-seater MRTA aircraft will be taken up by the transport aircraft division of HAL at Kanpur. Initially, HAL plans to develop MRTA as a freighter aircraft for military use.

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