Jan 7, 2012
Airbus Military is in the process of working on draft contracts for the MMRT and for (30%) offsets to present to the MoD after having being declared the lowest bidder in the race for IAF tankers.
The contract is expected to be signed by April, AerospaceDiary learns.
The Airbus-330 MRTT won the race against competitor Ilyushin-78 mid-air refueling aircraft in an approximate Rs 8,500-crore contract. Had this tender not been repeated, India would have saved considerable money given the depreciation of the Indian rupee by around 25% in just the past 12 months. However, the lifecycle costs included this time around, were key to Airbus winning the deal.