French company Dassault Aviation has become the majority owner of Dassault Reliance Aerospace (DRAL), its joint venture with Reliance Aerostructure, with a 51% stake after it picked up 2% for Rs 175.96 crore.After the transaction, Reliance Aerostructure’s stake will fall to 49%, and DRAL will shift from being a subsidiary to an associate company of Reliance Infrastructure and a subsidiary of Dassault Aviation.
Why the ownership shift is significant
This shift ensures guarantees, warranties, and long-term service commitments for customers in India and abroad, Reliance Infrastructure said .
Dassault Aviation is engaged in business of military and business jets, and is the manufacturer and integrator of Rafale and Falcon aircraft, as well as manufacturer of airframes and subsystems of these aircraft. Dassault Aviation has a market capitalisation of Rs 2 lakh crore and holds cash reserves of Rs 80,000 crore.
Path to becoming a global hub for Falcon jets
Dassault recently designated DRAL as its global centre of excellence (CoE) for Falcon aircraft and announced plans to establish its first-ever final assembly line (FAL) for Falcon jets outside France at DRAL’s facility in Mihan, Nagpur.
The Falcon series is among the renowned executive business jets worldwide, with Dassault Aviation holding an order backlog of 75 aircraft as of 30 June 2025.
Reliance Aerostructure set up the venture with Dassault in 2017. The operations commenced with the setting up of a manufacturing facility at Mihan later that year. Since delivering its first Falcon 2000 front section in 2019, DRAL has assembled over 100 major sub-sections for the Falcon 2000. In June 2025, Dassault Aviation partnered with RAL to manufacture Falcon 2000 business executive jets in India for the global markets.