Shirdi, May 26 -- The Nibe Aeronautics has signed an LOI (Letter of Intent) for Twin Otter amphibious aircraft with De Havilland Canada, for major boost for regional aviation and seaplane connectivity.

The signing was done in the presence of Defence Minister Rajnath Singh and Maharashtra Chief Minister Devendra Fadnavis on May 23 in Shirdi.

"The program aligns perfectly with the Government of India's UDAN and RCS vision under Hon'ble Prime Minister Shri Narendra Modi, enabling connectivity to remote regions, islands, and coastal destinations while strengthening tourism and last-mile air access across the country," Nibe Aeronautics said as per a statement.

Earlier, the Nibe Group signed a joint venture with Elbit Systems, Israel, for th...