October 08, 2014 Military Aviation News
10/08/2014
A small change in foreign investment rules-by doing away with minimum 51% holding by a single Indian entity in a defence venture-has helped Mukesh Ambani's Reliance Aerospace and Punj Lloyd bag licences that they had been waiting for. While increasing the foreign direct investment (FDI) cap for defence to 49%, the government did away with the clause that had been in the policy for years, as part of a strategy to attract investment in local manufacturing units.
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10/08/2014
U.S. warplanes have carried out almost 90 percent of airstrikes against the Islamic State of Iraq and Syria (ISIS) while Arab and European countries all together carried out the remaining 10 percent, U.S. defense officials said on Monday. A total of about 2,000 air raids have been launched against the militant group, of which the U.S. Air Force carried out 1,768 (88.4 percent), Agence France-Presse reported citing U.S. defense officials.
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10/08/2014
A U.S.-led air war is turning the tide against Islamic State in the besieged Syrian border town of Kobani, Kurdish forces said Wednesday, a day after Canada’s Parliament voted to approve air strikes of its own. Kobani, under attack by the Sunni militants for three weeks, is vital to Islamic State’s efforts to cement control of Syria’s north. Their advance has driven 180,000 of the area’s mostly Kurdish inhabitants to flee into adjoining Turkey.
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10/08/2014
Airbus Group NV (AIR) is preparing to reduce its stake in Dassault Aviation SA (AM) by almost half, selling shares to institutional investors and back to Dassault in a transaction valued at about 2 billion euros ($2.52 billion). The European planemaker is exploring opportunities to sell because the U.S. economy, the largest driver of the business-jet market, is rebounding, suggesting demand for aircraft will pick up, Marwan Lahoud, the head of strategy at Airbus Group, said by phone yesterday.
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10/08/2014
Australia's Super Hornet pilots have pulled out of their first armed airstrikes in the US-led fight against the Islamic State in Iraq, saying that the risk of killing civilians was too high, Australia's News Limited reported Wednesday. "One of our packages on the first night,had an identified target which it was tracking and that target moved into an urban area where the risks of conducting a strike on that target increased to a point where it exceeded our expectations of the collateral damage."
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10/08/2014
The legislative body of Canada approved the participation of the country's military in the battle against the Islamic State (IS) group in Iraq, the BBC reported Wednesday. Canadian military have been authorized to carry out airstrikes against terrorists in Iraq for six months. The deployment of ground troops has been ruled out.
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