ISRO arm NSIL signs $18-million deal with Australian government for commercial satellite launch
New Delhi: The Australian government has signed an $18-million memorandum of understanding (MoU) with NewSpace India Limited (NSIL), the commercial arm of the Indian Space Research Organisation (ISRO). Announced by Australian High Commissioner Philip Green, the partnership will see Australian firm Space Machines launch a satellite inspection and observation payload aboard ISRO's Small Satellite Launch Vehicle (SSLV) in 2026. This payload will be the largest Australian satellite launched to date, according to Rajat Kulshrestha, co-founder of Space Machines.
Australian High Commissioner Philip Green emphasized that this partnership marks a significant step in Australia's space engagement with India. The collaboration will enable Australian satellites to be launched from Indian soil, elevating the bilateral space cooperation to new heights.
S. Somanath, Chairman of ISRO, outlined an ambitious vision for the future, aiming for 20-30 SSLV launches annually to meet the growing demand for small satellite launch services. He also highlighted the broader goal of increasing capacity and capability in India's space missions, including the ambition to land an Indian astronaut on the moon by 2040.
The partnership will involve several stakeholders in India's private space economy, including domestic space-engineering firm Ananth Technologies, which has previously supplied components and engineering services to ISRO. The privatisation of SSLV is ongoing, with six bidders identified, and the final decision pending.
This collaboration comes at a time when India's commercial space activities face a downturn due to a lack of internal demand. Despite this, India’s private space sector has attracted $370 million in investments to date, with Skyroot Aerospace leading with $95 million. The deal with Australia is one of India's first significant cross-border investments in the space sector since its privatisation in 2020.
ISRO and the Australian government announced plans for joint space conferences in November to further enhance collaboration between the two space economies.
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IndiGo appoints William Walsh as new CEO
New Delhi (PTI): The country's largest airline IndiGo on Tuesday announced the appointment of former British Airways chief William Walsh as new CEO.
Walsh, an airline industry veteran, is currently the Director General of the International Air Transport Association (IATA).
Announcing the appointment of Walsh as the CEO, subject to regulatory approvals, IndiGo, in a release, said his tenure at IATA comes to a close on July 31 and is expected to join no later than August 3.
The announcement comes less than three weeks after the sudden exit of IndiGo CEO Pieter Elbers.
Walsh, popularly known as Willie, was formerly CEO of British Airways and IAG (International Airlines Group, a holding company, which owns Aer Lingus, British Airways, Iberia, Level and Vueling).
"As we enter a new phase of transformation and growth, I am delighted to welcome Willie to IndiGo.
"He is an iconic and accomplished aviation leader, and brings a rare combination of global perspective, operational expertise of having built strong customer-focused airlines, deep industry experience and a values-driven leadership, making him exceptionally suited to lead IndiGo at this pivotal cusp of growth," IndiGo Managing Director Rahul Bhatia said.
