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Dassault forms joint venture with Reliance
February 17, 2017
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BENGALURU: Dassault Reliance Aerospace Limited (DRAL), a joint venture (JV) between Reliance Infrastructure Limited (RInfra) — promoted by Reliance Aerostructure Limited (RAL) and Dassault Aviation, which can potentially generate 700 highly-skilled direct jobs and 2,800 indirect jobs in its first phase, has been incorporated, it was announced here on Thursday.

Eric Trappier, Chairman of Dassault Aviation France, will be its Chairman and Anil D. Ambani, Chairman of the Reliance Group, will be the Co-Chairman of DRAL, in which RAL will have a 51 per cent shareholding, while Dassault Aviation (DA) will hold 49 per cent.

India and France has on September 23, 2016, signed an agreement for 36 Rafale fighters for 7.87 billion euros (Rs60,000 crore). The contract includes a 50 per cent offset obligation of approximately Rs 30,000 crore - the largest such in India’s history.

“DRAL will be a key player in the execution of offset obligations,” it was announced during the 2017 Aero India Airshow in Bengaluru. The 11th edition of ‘Aero India’, a biennial international aerospace and defence exhibition, is being held at Yelahanka Air Force Station in Bengaluru.

“DRAL has finalised the infrastructure requirements at Dhirubhai Aerospace Park at Mihan, Nagpur and construction work for the greenfield facility will start in May 2017, and production by end-2017.

BOEING AND AIRBUS

Global aerospace major Boeing said that it saw a high potential for air travel growth in India during 2017.

“The major factors we watch - the exchange rate, fuel price and the profitability of the airlines - are all still favourable and we remain confident in the strong growth of India’s commercial aviation sector,” said Dinesh Keskar, Senior Vice President, Asia Pacific and India Sales, Boeing Commercial Airplanes.

“We see the potential for travel growth in 2017 to continue to be high in India and we expect more than 100 million passengers to fly domestically this year,” Keskar spoke during a briefing organised by Boeing at the airshow in Bengaluru.

According to Keskar, Boeing continues to provide the airlines in India with the most fuel efficient and capable airplanes in every market segment.  European aerospace major Airbus signed a Memorandum of Understanding (MoU) with the Telangana government, the National Skill Development Corporation and Aerocampus France to set up an aerospace skill development centre in Hyderabad.

The MoU was signed in the presence of Rajiv Pratap Rudy, Union Minister of State for Skill Development and Entrepreneurship, and K. Taraka Rama Rao, Telangana’s Minister for Industries and Commerce.

“This first of its kind centre of excellence aims to enhance the employability of young aspirants by imparting the required skills to them,” Rudy was quoted as saying in a statement issued here.

The centre, likely to come up at the Begumpet Airport, Hyderabad, will provide short and long term Certificate and Diploma courses on aircraft manufacturing, logistics, maintenance, Repair and Overhaul (MRO), ground handling and special aviation processes.

Indo-Asian News Service

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