MOSCOW, February 2 (RIA Novosti) - Russian jet engine maker Salut will showcase a modernized engine for Su-family fighters at an air show in India, the company said Friday.

The company has spent $40 million on developing the AL-31FM1 engine for Su-27, Su-30, Su-33 and other Sukhoi aircraft and successfully completed its tests in October last year.

The modernized version of the famed AL-31F engine features improved thrust characteristics, a 15% increase in combat effectiveness and cycle life, and reduced maintenance costs.

The AL-31FM1 will be initially installed on Su-27SM Flanker fighters in service with the Russian Air Force, but it also has a high export potential, a company official said.

In addition, Salut is planning to conduct talks with the Indian military on the prospects of equipping MiG-27K Flogger fighter bombers from the Indian Air Force with AL-31F engines.

The sixth biennial Aero India 2007 aerospace exhibition will be held in the southern Indian city of Bangalore from 7 to 11 February 2007.