https://sputniknews.in/20251124/tejas-crash-has-no-impact-on-hals-business-operations---statement-10108595.html
Tejas Crash Has No Impact on HAL’s Business Operations - Statement
Tejas Crash Has No Impact on HAL’s Business Operations - Statement
Sputnik India
Hindustan Aeronautics Limited (HAL) said that the Tejas crash was an “isolated occurrence arising out of exceptional circumstances”.
2025-11-24T13:39+0530
2025-11-24T13:39+0530
2025-11-24T13:39+0530
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India's state-backed Hindustan Aeronautics Limited (HAL) said on Monday that the crash of India’s indigenously-developed LCA Tejas fighter during an aerial display at the Dubai Air Show on November 21 has no impact on the company’s business operations, according to a stock market filing on Monday.The Indian Air Force (IAF) has constituted a court of inquiry (CoI) following the Tejas crash, which led to the death of its pilot Wing Commander Namansh Syal.Following the incident at the world's third-largest air show, reports in sections of foreign media suggested that the crash has dampened the prospects of exporting the home-made jets. Besides meeting the domestic requirements under MK1 and MK2 programme, India is also positioning Tejas, which uses an engine from General Electric (GE), as an export-quality fighter plane, targetting defence markets in Asia, Africa and South America.
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Tejas Crash Has No Impact on HAL’s Business Operations - Statement
Hindustan Aeronautics Limited (HAL) said that the Tejas crash was an “isolated occurrence arising out of exceptional circumstances”.
India's state-backed Hindustan Aeronautics Limited (HAL) said on Monday that the crash of India’s indigenously-developed LCA Tejas fighter during an aerial display at the Dubai Air Show on November 21 has no impact on the company’s business operations, according to a stock market filing on Monday.
“We would like to assure that there is no impact on the company’s business operations, financial performance or its future deliveries. The company is extending its full support and cooperation to the agencies conducting the investigation,” HAL said in the filing.
It said that the company would keep its stakeholders informed of any material developments in the matter.
The Indian Air Force (IAF) has constituted a court of inquiry (CoI) following the Tejas crash, which led to the death of its pilot Wing Commander Namansh Syal.
Following the incident at the world's third-largest air show, reports in sections of foreign media suggested that the crash has dampened the prospects of exporting the home-made jets.
Besides meeting the domestic requirements under MK1 and MK2 programme, India is also positioning Tejas, which uses an
engine from General Electric (GE), as an export-quality fighter plane, targetting defence markets in Asia, Africa and South America.
HAL's stock price at the Bombay Stock Exchange (BSE) opened eight percent lower in the opening trade on Monday following the last week's incident.
