‘No complications in the sale of Globemaster aircraft to IAF’

BANGALORE: A senior official of Boeing Military Aircraft brushed aside claims that complications had arisen in the proposed $5.8 billion sale of ten C-17 Globemaster-III transport aircraft to the Indian Air Force, and said that the global defence vendor expected the deal to close by mid-2011.
In an exclusive interview to ET on Friday, Chris Chadwick, president, Boeing Military Aircraft, said that he had seen no indication that the Indian government was looking to pull the plug on what is, so far, the biggest defence deal between the United States and India. "The offsets package relating to the deal has already been approved. Plus, the IAF has to go through numerous government gateways before a final seal of approval can be given. Defence deals of this magnitude do take some time to close, and I expect them to take a decision by mid-2011," Mr Chadwick said.

(Economic Times)