BANGALORE
The possibility of taking short-distance flights from places such as Bangalore to Mangalore or Hubli or Mysore is now just a step closer.
The possibility of taking short-distance flights from places such as Bangalore to Mangalore or Hubli or Mysore is now just a step closer.
A government-appointed 16-member high-power committee entrusted with the task of preparing a feasibility report for the development of the 90-seater regional transport aircraft (RTA-70) found a significant market potential for an indigenously developed passenger aircraft.
The committee gave its approval for the development of the aircraft. The feasibility report, to be submitted to the government by April next year, said the market potential for RTA-70 was huge that 500 aircrafts could be manufactured over the next 10 years.
Former Isro chairman Dr G Madhavan Nair (pictured), who is heading the committee comprising experts from the government, industry, financial institutions and regulatory authority, told DNA that the feasibility report foresaw a growing demand for civil aircraft in India and abroad.
"The committee's task was to study the market for the civilian aircraft for the next 10 years. From an optimist point of view, there is scope for manufacturing 500 aircraft over the next 10 years in India alone. The global market forecasts a market potential for 1,000 aircraft for which countries like China, Japan, Russia are also undertaking similar projects. Besides, there are existing players such as Bombardier and Embraer, eyeing this market. So we would also like to explore the vast market,” he said.
The committee, part of the national civil aircraft development project, was also entrusted with working out details on the configuration design, airframe, subsystems engine etc in the feasibility report. Nair said the committee is looking for private partnership and also collaboration with foreign companies.
“We are looking at participation of private players and also foreign collaboration for the development of the engine as it was found that it would be more economical and will save a lot of time,” said Nair.
Bangalore-based National Aerospace Laboratories, which will be responsible for undertaking detailed engineering design for the new aircraft, has already established a design bureau, addressing various engineering issues related to aircraft configuration, sub-system definition, test and qualification programmes.
Design and development of the prototype is estimated to be about `5,000 crore and is expected to roll out for trails by 2016.
Orry calls Ananya Panday ‘insecure and jealous’: ‘She made very mean comments at…’
Did Shubman Gill break up with Sara Tendulkar? Now rumoured to be dating this...
School Holidays 2025: These states announce summer vacation amid heatwave; check dates
Ratan Tata TCS' mcap contribution to Tata Group drops to lowest level, share price reduces to Rs...
SRH vs MI Dream11 Prediction: Best picks for Sunrisers Hyderabad vs Mumbai Indians clash
Viral video: British influence shares his experience at '2 States' wedding in India: ' I saw...'
This man never saw women, spent his entire life on Mount Athos, lived for 82 years doing...
Pahalgam Terror Attack: Is J-K closed tomorrow? Know what's open, what's closed?
Meet women who has ‘special status’ with Elon Musk, has Indian connection, she is...
Rosneft Oil Company Pays a Record-Breaking Tax Amount for Russia in 2024
Pahalgam terrorist attack: PM Modi to cut short visit to Saudi Arabia after terror attack in J-K
This bank becomes India's third domestic firm to surpass Rs 15 lakh crore mcap mark, not SBI, ICICI
LSG vs DC Live Score: Toss and Playing XI coming up for Lucknow Super Giants vs Delhi Capitals clash
What is black hole? Is it really hole in space? Details here
Good news for Sunil Mittal as Airtel beats Mukesh Ambani's Reliance Jio in...
Good news for Reliance Jio users as Mukesh Ambani's company offers unlimited offer for just Rs...
BIG move by Sunil Mittal as Airtel to acquire Gautam Adani's company's entire...
Gagan Arora on Khauf taking toll on his mental health: 'I couldn't sleep next to my wife because...'
Aircraft crashes in Gujarat, trainee pilot killed, details here...
Sweet moment between Virat Kohli and Preity Zinta goes viral, RCB star shows pics of..., they are...
Meet Harshita Goyal, who started as a CA, now secured AIR 2 in UPSC Civil Services 2024 Final
Meet Shakti Dubey who secured AIR 1 in UPSC Civil Services 2024 Final, she is from...
UPSC CSE Final Result 2024 DECLARED at upsc.gov.in, Shakti Dubey secures AIR 1
UPSC Civil Services 2024 Final Result Out: Shakti Dubey secures AIR 1, check full toppers list
J-K Landslide: Jammu-Srinagar national highway to be partially restored from Wednesday
TS Inter Results 2025: Telangana 1st, 2nd year result out, stepwise guide to download score card
Pope Francis death: These are 4 Indian cardinals eligible to vote for new Pope, their names are...
Bad news for Harsha Bhogle as he gets banned from this iconic venue due to...
Neeraj Chopra invites Pakistan's Arshad Nadeem to India for first-ever..., event to take place at...
Saiyaara: Ahaan Panday's debut film finally gets a release date, to hit theatres on this date
Bad news for millions of Indian mobile phone users as Mukesh Ambani, Sunil Mittal plan to...
Viral video: Aishwarya Rai grooves to Rekha, Amitabh Bachchan's iconic song Pardesiya