Airbus Mandates Tata Advanced Systems To Make Cargo Doors Of A320neo

European aviation major Airbus said on Wednesday it has mandated Tata Advanced Systems to manufacture cargo and bulk cargo doors of the A320neo aircraft family.

TASL will produce these doors at a new facility in Hyderabad, using cutting-edge robotics and automation technology, Arbus said in a statement.

Each shipset will include two cargo doors and one bulk cargo door, according to the aircraft manufacturer.

The announcement came weeks after Tata Group-owned Air India placed an order for 470 aircraft, including 270 planes with Airbus.

The contract is a significant step towards increasing Airbus' competitiveness in the single-aisle aircraft market and supporting the ramp-up of the A320 programme, Airbus said in the statement.

Airbus presently procures components and services worth USD 735 million every year from more than 100 Indian suppliers, according to the statement.

The aircraft maker claims that currently every commercial aircraft and helicopter produced by it has critical technologies and systems designed, manufactured and maintained in India.

"The latest contract underlines our continued commitment to 'make-in-India' for an AatmaNirbhar Bharat (self-reliant India)," said Rmi Maillard, President and Managing Director of Airbus India and South Asia.

In addition, Airbus will build the C295 military aircraft Final Assembly Line (FAL) with TASL in Gujarat, the first concrete, large-scale manufacturing aerospace programme in the private sector, Airbus said.

The programme will unlock the potential for cutting-edge design, component manufacturing, aircraft assembly and services capabilities across the value chain, fully addressing the Indian government's ambition of an 'aatmanirbhar Bharat' in defence manufacturing, it said.

In TASL, Airbus has a trusted and able partner that will support the ramp-up of the A320neo family aircraft, said Maillard and added, "we will continue to grow our industrial footprint and the aviation and aerospace ecosystem at a fast pace in India."

TASL has an ongoing relationship with Airbus and "this new contract win will further bolster our partnership in aerospace manufacturing in India," said Sukaran Singh, Managing Director and Chief Executive Officer at Tata Advanced Systems Ltd (TASL).

RECENT NEWS

Titi Coles Legacy In Finance: Pioneering Diversity And Leadership

Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more

Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape

As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more

The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma

In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more