In the Indian market, HAL (Hindustan Aeronautics Limited) is currently making headlines for receiving a significant boost in business from Airbus. The Hindustan Aeronautics Limited shares price increased by almost 10% in November 2023. as it received business orders from Airbus.

HAL share price today

Airbus has signed new contracts with numerous Indian suppliers to produce commercial aircraft parts, assisting the Indian government in realizing its “AatmaNirbharBharat” objective.

HAL share price nse is currently at hal share price today Rs 2055. It increased the 1.05% shares yesterday. According to the record, its price on November 1st was about Rs 1822. Other companies associated with Aerospace Deals have also seen a sharp rise in prices.

Airbus wing parts for the A320neo, A330neo, and A350

Contracts for the supply of airframe and Wing parts for the A320neo, A330neo, and A350 programs have been signed by Airbus with Aequs, Dynamatic, Gardner, and Mahindra Aerospace.

The latest agreements will help Airbus accelerate its commercial aircraft programs worldwide and enhance the nation’s aviation ecosystem’s knowledge and capabilities in various areas, including sheet metal, machining, and extrusion profiles.

Keypoints.

1. HAL and Airbus Collaboration:
   • Hindustan Aeronautics Ltd (HAL) is partnering with Airbus to establish a Maintenance Repair Overhaul (MRO) facility for the Airbus A320 family aircraft.
   • Airbus is collaborating with HAL to support HAL’s entry into commercial aircraft servicing.
2. Government’s Push for Localization:
   • The Modi government is encouraging aircraft manufacturers like Airbus and Boeing to source components from India, set up MRO facilities, and eventually establish a final assembly line in the country.
   • Orders worth $120 billion have been placed by Air India and IndiGo for nearly 1,000 Airbus A320 family aircraft.
3. Impact on Airlines:
   • Private airlines, including Air India, cannot offset requirements when placing aircraft orders.
   • The government aims to benefit from these orders through increased supply chains and the establishment of MRO facilities within India.
4. Airbus’s Commitment:
   • Airbus is committed to the holistic development of India’s aviation ecosystem and supports the growth of an indigenous MRO industry.
   • Airbus will assist HAL in tapping into the growing demand for MRO services, especially for the A320 family of aircraft.
5. Aircraft Types and Customers:
   • The Airbus A320 is the most used narrow-body aircraft with Indian carriers.
   • IndiGo is the world’s largest customer for the A320, with a substantial number of orders.
   • Air India and Vistara are other major customers.
6. HAL’s Vision:
   • HAL has a vision to establish an integrated MRO hub in India to provide effective MRO solutions.
   • This aligns with the government’s Make in India mission and the civil-military convergence.
7. Airbus’s Support:
   • Airbus will provide the A320 family tool package and specialized consulting services to HAL for setting up the MRO facility.
   • HAL will have access to AirbusWorld, a digital platform offering support, technical data, and training solutions.
8. HAL’s Capabilities:
   • HAL’s Nashik division already has capabilities in civil MRO, with DGCA-approved hangars and skilled manpower from their defense activities.

These key elements help summarize the collaboration between HAL and Airbus, the government’s localization efforts, the impact on airlines, Airbus’s commitment to India’s aviation ecosystem, and HAL’s existing capabilities.