Boeing says will need to borrow more money on coronavirus fallout; trying to get back 737 MAX jets into service
Boeing is trying to bring its 737 MAX jet back into service after two fatal crashes, even as the aviation industry slumps because of the coronavirus, which has dried up demand for passenger air travel.
Myanmar passenger jet makes emergency landing after front wheels fail to deploy; passengers, crew members safe
A Myanmar National Airlines plane made an emergency landing at Mandalay International Airport on Sunday, using only its rear wheels after the front landing gear failed to deploy
Rejecting Arjun tanks, Tejas jets bodes well for 'Make in India', but introspection needed on defence priorities
Both the Arjun MBT and the Tejas LCA are examples of unfulfilled promises with India’s defence research establishment over-promising and then under delivering to the Indian armed forces
A day after Brazilian aerospace conglomerate Embraer announced settlement with US and Brazilian authorities in the ongoing corruption investigation against it, Defence Minister Manohar Parrikar said decision here will be taken based on CBI investigation.
Approximately $5.76 million was allegedly paid to an agent in India in connection with the sale of three highly specialised military aircraft to Indian Air Force, and the payments were falsely recorded in Embraers books and records as part of a consulting agreement that was not legitimate.
Defence Minister Manohar Parrikar on Monday hit back at Rahul Gandhi over his 'dalali' remark, saying those who "focused on profiteering" in defence deals fully understood the meaning of the word and that BJP does not intend to use army's "valour" for elections.
The Defence Ministry has asked the CBI and Enforcement Directorate to probe the allegations that kickbacks were paid in the USD 208 million Embraer aircraft deal that DRDO had struck with the Brazilian aircraft manufacturer during the UPA rule in 2008.
Concurrent to the breaking news about kickbacks in the $208 million jet deal with Brazilian aircraft maker Embraer, comes media report that Embraer has set aside $200 million to pay for any fines following an investigation by US authorities
Defence Minister Manohar Parrikar said that the CBI may probe the $ 208 million Embraer aircraft deal if any criminality is indicated in the internal probe already ordered