By Venkatachari Jagannathan
Chennai, July 25 -- Aircraft manufacturer Airbus is set to begin delivering new aircraft to major Indian airlines, with over half powered by Rolls-Royce engines. This development is part of a wider trade and investment boost following the signing of the Comprehensive Economic and Trade Agreement (CETA) between India and the UK, the UK government announced.
Rolls-Royce plc, which has a joint venture with India's Hindustan Aeronautics Ltd (HAL), is expanding its operations through International Aerospace Manufacturing Private Ltd.
According to a UK government statement issued after the CETA signing on Thursday, these aircraft deliveries are part of approximately £5 billion in contracts recently secured with...