Taneja will produce complete knockdown kits for the Thorp T-1211 sports plane and ship to Indus's unit at Texas in the US for the huge American market.
"We are producing 25 aircraft for the US market. Each aircraft is valued at Rs 35 lakhs," TAAL chairman Khushroo Rustumji said in Bangalore.
Taneja will also produce 12 DGCA-certified Thorp planes for the domestic market, where Indus plans a series of flying schools and offer the planes to flying enthusiasts.
Thorp T-1211 is priced at Rs 35 lakhs, but aircraft firms sell at a lower price than the marked rate.
The publicly traded Taneja is aiming at a revenue of Rs 15 crore (Rs 150 million) this fiscal and plans a turnover of Rs 25 crore (Rs 250 million) in 2005-06 with the new aircraft order, besides eyeing a jump in aircraft systems and components from both Indian and foreign companies.
Indus Aviation president Ram Pattisapu said the firm intended to promote general flying in the country and will hold talks with DGCA to grant sports pilot licenses.
"If India grants sports pilot licenses, we can ship fully built sports aircraft to the US or we have to send systems and components to the US and assemble the aircraft there," he said.
