Business Standard
Thursday, Feb 16, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

HAL delivers rear fuselage for biz jet
BS Reporter / Chennai/ Bangalore Apr 08, 2009, 00:58 IST

In what can be dubbed as India’s progression in its foray into civil aircraft programmes, state-owned aerospace manufacturer Hindustan Aeronautics Ltd (HAL) has executed a programme for the delivery of rear fuselage of Gulfstream (G-150) aircraft for Israel Aircraft Industries (IAI).

The Bangalore-headquartered Navratna company on Tuesday handed over the first rear fuselage to IAI, signifying the company’s gradual rise from being a manufacturer of door assemblies to being the supplier of vital parts of the aircraft.

 Click here for Cloud Computing
 
Gulfstream (G-150) is a business executive aircraft built by the US-based Gulfstream Aerospace Corp in partnership with the IAI. The wide-cabin version of the G-100 business jet, the G-150 is manufactured in the IAI production facilities in Tel Aviv, before being transported to the US for furnishing. The G-150 is marketed globally by Gulfstream Corporation.

The IAI, in late 2006, had approached HAL with a request for quotation (RFQ) for building the fuselage as they required a partner to build the fuselage from the digital data. Consequent to this, IAI signed a contract with HAL in 2007 for producing 200 ship-sets of G-150 fuselages the size of which is estimated to be in the range of $30-35 million.

As part of the contract, HAL was to deliver the fuselage shipsets within seven years of signing the deal. HAL developed a dedicated hanger in Bangalore to develop the fuselage.

“The aircraft division has made a mark on the international export map over the years by supplying several types of door assemblies to Boeing, Airbus and other global firms. With the G-150 fuselage delivery, HAL has now entered a fairly advanced manufacturing level of building major structural assemblies for global players in the civil sector,” HAL chairman Ashok Nayak said.

HAL has partnered many private sector players in India to execute the programme. Nayak said, the success of the project had given the company strong confidence to take up bigger challenges in future. HAL is also bidding for the G-250, Gulfstream Aerospace’s twin-engine business jet which is being jointly manufacturered by IAI, Spirit AeroSystems and Gulfstream. “HAL-IAI has a time-tested partnership and we are here to capitalise on the vast potential in the business jet market,” added Nayak who recently took over as HAL chairman from Ashok K Baweja.

HAL’s order book position for fiscal 2009-10 stands at Rs 60,000 crore. According to the provisional financial results, the company registered a sales turnover of Rs 10,260 crore in fiscal 2008-09, registering an increase of 19 per cent on year-on-year basis.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- S&P reaches 7-month high before hitting wall
- Kingfisher Q3 loss widens by 75%, costs mount
- Citigroup pays $158 mn in US mortgage fraud pact
- Olympus ex-president, others arrested: media
- Alibaba may take Hong Kong-listed unit private for $2.3 bn
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Save over Rs.3000 with IndianOil Citibank Card
- We live for our family. have you secured them?
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Medium-sized businesses are the engines of a smarter planet.
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Kanika Datta: The importance of being SRK
- Nestle: Food for thought
- Leela parts ways with Kempinski
- Tailor-made but not good enough
- Tata Motors soars to record level as JLR propels profit
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us