Thursday, February 08, 2007

Approximately 500 aircraft manufacturers have come to the Aero India 2007 in hopes of making deals with the country's booming aviation industry.
The event is held at Yelhanka air base in Bangalore.
The 5-day event showcases both civilian and military aircrafts.
India is on its way to acquiring a new fleet of aircrafts -126 fighter jets to be exact - to replace its retiring MIG-21s.
With more and more Indians taking to the skies, the nation will need about 1,000 new planes over a period of 20 years.
According to a industry projection, air traffic in India is likely to increase two-fold by 2010 to 50 million passenger journeys a year.
More than 35,000 visitors are expected to the air show.
Analysts observed that many firms are in Bangalore to try to get their foot into India's rapidly emerging defense market.
Over a span of five years, the Indian air force is expected to spend close to $10 billion to refurbish military requirements.
And the deal for the 126 fighter jets is the most coveted contract at the show.
08/002/07 Jacob Cherian/All Headline News

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