Financial Daily from THE HINDU group of publications
Friday, Jan 21, 2005
Financial Daily from THE HINDU group of publications Friday, Jan 21, 2005 |
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Corporate
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Outlook Logistics - Airlines A380 may open new biz opportunities for HAL Madhumathi D.S.
Bangalore , Jan. 20 A380, the world's largest aircraft just unveiled by Airbus Industrie, could open up new business opportunities for domestic aircraft major Hindustan Aeronautics Ltd. Having recently won its second order for aircraft doors from the European major, HAL is surely in the reckoning for any future works for Airbus's 555-seater double-decker marvel too, according to a spokesman for the defence PSU. HAL has already made its intent known to Airbus officials by making presentations on its capabilities a few months ago. "We have been in touch, written to them and signed a non-disclosure agreement (that is mandatory for any potential vendor). "We have offered structural work and software services for outsourcing for A380," the spokesman told Business Line. Airbus had received its pitch positively. What HAL has in mind for A380 goes beyond the 300 doors it has so far supplied for A320s / A321s; or the Rs 380-crore repeat order it signed last August for supplying 1,000 more units. This one includes control panels, fins, elevators, ailerons and much more. With A380 yet to fly and due to hit the market in 2006-07, the race for its structures is yet to begin, but HAL would surely bid. There have been preliminary mutual visits too, from Airbus officials to assess HAL facilities in Bangalore and from the defence PSU side to sound the Toulouse-based Airbus of its interest in taking part in the A380 work, and all this over a year ago. Although Airbus knew HAL's capability and renewed the contract for the doors, it was too early and difficult to talk of the numbers that any A380 business would generate. All this apart, HAL is also expecting to get sizeable offset business from the 43 Airbus passenger aircraft that Indian Airlines is acquiring, as indicated recently by its Chairman, Mr A.K. Baweja. The IA deal, signed in November 2004, is worth Rs 9,475 crore while offset business could be up to 25-30 per cent of it.
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