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India may buy 6 Airbus aircraft for AWACS

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India is likely to place orders worth ₹20,000 crore with Airbus to buy six A330 aircraft to mount the indigenously-built Airborne Warning and Control Systems (AWACS). DRDO Chairman S Christopher, addressing reporters on the sidelines of Aero India international seminar, said, “Currently the order to buy Airbus aircraft is before the Cabinet Committee on Security.” “We are hopeful that within six months we will get the clearances and the first aircraft will be ready for handing over to the Indian… (www.thehindubusinessline.com) More...

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joelwiley
joel wiley 1
According to:
http://convert.syzygy.in/what-is-20000-crores-in-millions-and-billions

200,000,000,000 INR is equal to 2,988,866,472 USD @ 66.92 Indian rupees to 1 US dollar.
or http://convert.syzygy.in/what-is-20000-crores-in-millions-and-billions
$498,144,412 each.

According to:
http://www.airbus.com/presscentre/pressreleases/press-release-detail/detail/new-airbus-aircraft-list-prices-for-2016/
List price of an A330900neo is $287.7 K

It appears India is paying 173% of list price (assuming they are purchasing the highest cost A330) for an airframe conversion base.

Am I missing something here?
WALLACE24
WALLACE24 0
Ha! What's a few rupees among friends anyway?

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