Indian Air Force - News Folder - June 2002

[member_201]

Please observe the following guidelines:

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[member_201]

Former IAF Official held for spying
http://timesofindia.indiatimes.com/articleshow.asp?art_id=11585715

Air Chief ridcules Musharaf
http://timesofindia.indiatimes.com/articleshow.asp?art_id=11597366

Nishant on experimental flight crashes in Rajasthan : DRDO
http://news.sify.com/cgi-bin/sifynews/news/content/news_fullstory_v2.js p?article_oid=11603091&page_no=1

[Jagan]

Terror threat to IAF Delhi Station
http://timesofindia.indiatimes.com/Articleshow.asp?art_id=11813286

Hunt for four persons in IAF Station
http://www.deccanherald.com/deccanherald/jun04/n5.htm

[Jagan]

PoK imposes blackout fearing IAF Raids
http://www.expressindia.com/fullstory.php?newsid=11131

[member_201]

HAL cleared of supplying substandard spares
http://timesofindia.indiatimes.com/articleshow.asp?art_id=12049485

[Jagan]

MiG-27 Catches fire on Srinagar Runway - Pilot injured
http://www.rediff.com/news/2002/jun/07jk.htm

http://timesofindia.indiatimes.com/Articleshow.asp?art_id=12254960

Deccan Herald has a more detailed report from PTI - The pilots name is Fg Off Thakur. He is safe.
http://www.deccanherald.com/deccanherald/jun07/up13.htm

[Susmito]

Sukhoi production may be advanced

http://timesofindia.indiatimes.com/articleshow.asp?art_id=12200106

[member_201]

Mystery plane sightings spur military alert off Tamil Nadu

http://www.hindustantimes.com/nonfram/090602/dlnat31.asp

[Jagan]

Missing MiG Pilot's wife still hopeful on his return
http://www.deccanherald.com/deccanherald/jun10/n9.htm

[Jagan]

http://www.hindustantimes.com/nonfram/100602/dLNAT06.asp
NCC Glider crashes at Tambaram killing Group Captain and Girl Cadet

http://www.hinduonnet.com/thehindu/2002/06/10/stories/2002061004300400.htm
From the Hindu - Detailed report

[Jagan]

Old news..but interesting link.. India Orders CH-701 Zenith microlites for its NCC and NDA units
http://www.zenithair.com/news/india-2-01.html

<img src="http://www.zenithair.com/stolch701/pic01/take-off.jpg" alt="" />

[member_201]

BAe, Israel Aircraft keen to market Indian chopper

http://www.business-standard.com/today/corp8.asp?Menu=2

Israel-British aero cos keen on tie-up with HAL

http://economictimes.indiatimes.com/Articleshow.asp?art_id=12757861

Indian drones operated by Israelis: PAF Chief

http://timesofindia.indiatimes.com/articleshow.asp?art_ID=12652379

[Jagan]

IAF Wants 140 Mirage 2000s
http://timesofindia.indiatimes.com/Articleshow.asp?art_id=12900199

LCA given the go ahead : Kota
http://timesofindia.indiatimes.com/articleshow.asp?art_ID=12911682

[member_201]

60 days in ICU, but MiG pilot’s spirits still high

http://www.indian-express.com/full_story.php?content_id=4341

[member_201]

HAL to invest Rs 2300 crore in four years
(Business Standard, 15 June 2002)

K Giriprakash in Bangalore

Hindustan Aeronautics (HAL) plans to invest around Rs 2,300 crore during the next four years including around Rs 700 crore for manufacturing Sukhoi-30s.

Sources in HAL said that the investments will be funded through internal accruals and bonds.

These investments will be pumped into manufacturing Jaguar trainers, Jaguar Strike, Sukhoi-30s, ALH, LCA and Dorniers.

Sources said HAL was sitting on a pile of around Rs 4,200 crore which includes cash received from clients.

They said HAL has been able to perform extremely well financially during the last few years.

Earlier, the company was dependent solely on customers and the government for all its fund requirements in view of the thin operating margins and liquidity problems Since then, the company has been able to solve the liquidity problem through various steps.

These are: a more transparent and equitable mechanism, milestone linked payment structure, efficient long-term procurement policies, cost reduction through budgetary controls, effective tax planning and settlement of long pending issues.

HAL also decided to reduce financing cost which is normally high in the aeronautical industry because of capital intensity and long production cycles.

This measures have led to rating agencies, Crisil and ICRA to accord very high credit ratings for its short term and long term debts, sources said.

HAL also retired high cost debts apart from investing surplus funds to give substantial non-operating income through higher interests.

HAL has also been able to get its R&D centers recognized by DSIR, department of scientific and industrial research for obtaining substantial tax rebates.

Further, old tax disputes have been settled resulting in savings. The company also entered into long term business agreements with various vendors thus giving them indication of the long term material requirements for the company, sources said.

Sources said HAL has fully repaid all government loans with interest thereon before the maturity and has been funding capital expenditure towards infrastructure and R & D expenditure out of its own resources without any budgetary support from government since 1994.

HAL expects to achieve a target of around Rs 5,000 in the next three years compared with Rs 2,700 crore during 2001-02.

[member_201]

Infosys acquires product from ADA

http://economictimes.indiatimes.com/articleshow.asp?art_id=13046931

[Jagan]

Crashing aircraft and challenges for IAF
http://www.deccanherald.com/deccanherald/jun19/edst.htm

[Nandai]

From Jane's free e-mail news service.

India evaluates Czech trainer
[Jane's Defence Weekly - first posted onto http://jdw.janes.com on 19 June 2002]

With negotiations between the Indian Ministry of Defence and BAE Systems of the UK having hit a 'road block' over the planned purchase of 66 Hawk advanced jet trainers (AJTs), an Indian Air Force delegation last month spent two weeks in the Czech Republic in support of a service evaluation of the rival Aero Vodochody L-159.

[member_201]

Chief of Air Staff to visit U.S

http://www.hinduonnet.com/thehindu/2002/06/21/stories/2002062103781100.htm

[NRao]

AWST, June 17th issue, page 20:

India's Govenment has reportedly begun talks with Dassault Aviations for the purchase of Mirage 2000-5 fighters for India's Strategic Command Force, which is to be established within the next two years and has a requirement for 36 aircrafts - two squadrons'-worth

[Jagan]

BHARAT RAKSHAK NEWS SERVICE:

Pilots graduate out of Academy

Combined Graduation Day Parade of Entry Batch 2/201 was held at Air Force Academy Dundigal. The cadets comprised of the 169 Pilots Course, 93 Navigation Course, 110 and 19 SSC Ground Duty officers course. Air Marshal T J Master, AOC in C Training Command reviewed the parade. Detailed report to follow.

[P Chupunkar]

Naval LCA by 2006 ...

[Jagan]

MiG-23 crashes near Halwara - Pilot Safe

From Tribune India
http://www.tribuneindia.com/2002/20020627/main4.htm

<img src="http://www.tribuneindia.com/2002/20020627/ind3.jpg" alt="" />

[member_201]

Russia begins deliveries of Sukhoi jets to India

http://timesofindia.indiatimes.com/Articleshow.asp?art_id=13888752

New Sukhoi jets to boost strike power

http://timesofindia.indiatimes.com/articleshow.asp?art_id=13997224

Sukhoi-30 jets arrive at Lohegaon base

http://timesofindia.indiatimes.com/articleshow.asp?art_Id=14101531

[Jagan]

41 Cadets commissioned as Flying Officers (ATC and FC) from AFAC coimbatore.
http://timesofindia.indiatimes.com/articleshow.asp?art_id=14397748