C-295 Transport Plane Clears Cost Negotiations – Make in India
“Cost negotiations for the C-295 deal have been completed. It is now being processed to put it up for clearance from the Cabinet Committee on Security (CCS). It is expected to be signed in the next few months,” a senior Defence official said. As part of the deal, 16 aircraft will be built by Airbus at its manufacturing facility and delivered in fly away condition and the remaining will be built locally by the Tata-Airbus joint venture under transfer of technology.