TIMCO Aviation Services and Hindustan Aeronautics Limited (HAL) have entered into a new joint venture agreement focused on developing comprehensive airframe maintenance, repair and overhaul (MRO) services to commercial air transport operators in India and the neighbouring region.
The JV will provide scheduled C-checks and heavy maintenance services for operators of narrowbody Airbus and Boeing commercial aircraft. The parties have fully ratified their JV relationship and are assessing ground breaking schedule alternatives with a focus on the shifting growth outlook for the Indian and regional fleets.
The DoD has changed its structures and is been increasing efforts to facilitate access to loans by companies interested in working with artificial intelligence, advanced materials and semiconductors, biotechnology and quantum science.
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
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