Bangalore-based National Aerospace Laboratories will receive approximately $75 million from India's Council of Scientific and Industrial Research to launch design of a turboprop aircraft to rival those manufactured by ATR, Mint business daily reported. The RTA 70 project eventually will cost an estimated INR20 billion ($500.6 million) and will aim at flying a 70-seat prototype aircraft in four years, project head Kota Harinarayana told the paper. It also expects to design 50- and 90-seat ...

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