Airbus SE EADSY EADSF said its unit Airbus Defence and Space has officially handed over the first C295 aircraft to the Indian Air Force (IAF) to replace its aging Avros-748 fleet.
With the development, the company tapped into a long-term journey with the Indian Air Force.
"It was only two years ago that we signed this contract with India, the largest order in the history of the C295,” said Jean-Brice Dumont, Airbus’ Head of Military Air Systems.
In total, Airbus will deliver 56 aircraft to the Indian Air Force.
Of the entire order, 16 C295s will be assembled at the San Pablo Sur site in Seville, Spain, and delivered by August 2025, Airbus said in a statement.
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The C295, in transport configuration and with an indigenous electronic warfare suite, will leave Airbus’ production site in Seville, Spain, for Delhi, India, in the next few days.
The remaining 40 C295s of the IAF order will be manufactured and assembled - in partnership with Tata Advanced Systems Limited (TASL) - at a Final Assembly Line (FAL) in Vadodara in western India.
The first ‘Make in India’ C295 will roll out of the Vadodara FAL in September 2026, with the final aircraft to be delivered to the IAF by August 2031.
Price Action: EADSY shares traded lower by 0.20% to $34.95 on the last check Wednesday.
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