During the Wings India 2026 aviation event in Hyderabad, Russian aerospace company Yakovlev and state-owned Hindustan Aeronautics Limited (HAL) signed a preliminary agreement to collaborate on initiatives in India’s civil aviation market.
While specific terms of the agreement were not disclosed, both parties described the arrangement as the start of a significant partnership aimed at capitalising on the expanding aviation sector in India.
As per news reports, Alexander Dolotovsky, Deputy General Director of Yakovlev, said that although details are confidential at this early stage, the agreement represents an important first step. “We have signed a preliminary agreement with our partners at HAL. While I cannot share specific details of the agreement publicly at this stage, we are at the beginning of a significant deal. We 100 per cent believe that HAL is a responsible and reliable partner,” he said.
Dolotovsky also expressed optimism about India’s aviation market, noting that demand for aircraft is expected to grow rapidly given the country’s large population and expanding passenger traffic. “We view the Indian aviation sector with great optimism. India is a rapidly growing market that requires significantly more aircraft than are currently in operation,” he added.
On the timeline for concrete outcomes from the collaboration, Dolotovsky said that details remain sensitive and to be worked out in future discussions, but he expects practical results to emerge in due course.
“The information remains confidential and sensitive during these early stages. However, we are confident that our cooperation will be successful and that the first practical results will emerge very soon,” he commented.
Speaking about the importance of the partnership, Dolotovsky referenced the longstanding aviation ties between India and Russia spanning more than 60 years.
He said this history provides a strong foundation for proposing unique products tailored specifically for the Indian market.
Addressing attendees at the event, Union Minister of Civil Aviation Rammohan Naidu highlighted India’s expanding role in global aviation and emphasised the ecosystem’s transition from dependency on foreign-built aircraft to indigenous design and manufacturing.
“India is no longer just flying aircraft — we are designing, building and leading global aviation. Indian skies are full of infinite possibilities,” he said during the Wings India Excellence Awards.
Telangana Deputy Chief Minister Mallu Bhatti Vikramarka underscored the state’s ambition to become a premier hub for aerospace engine manufacturing and maintenance, repair and overhaul (MRO) facilities by 2047, highlighting regional support for expanded aviation industry activity.
As of January 30, 2026, HAL share price is closed at ₹4,623.00 per share, reflecting a surge of 0.48% from the previous closing price.
The preliminary agreement between HAL and Yakovlev signifies deepening civil aviation cooperation between India and Russia. It also reflects growing global interest in India’s aviation market, which domestic policymakers and industry stakeholders aim to transform into a major aerospace manufacturing and services hub.
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Published on: Jan 31, 2026, 9:48 AM IST
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