Airbus Industries has ambitious plans for India
The Airbus Global Market Forecast has predicted that India will clock an annual passenger traffic growth of 7.7 per cent until 2025, reports Gaurav Choudhury.business Updated: May 07, 2007 20:25 IST
Airbus Industries has ambitious plans for India. John Leahy, Chief Operating Officer (Customers), who led the team of officials which brought the A 380 super jumbo aircraft to the Capital, said: "We have decided to invest over $1 billion (Rs 4100 crore) in the next 10 years in Indian aviation."
The investment will be in various domain areas. There will be a training centre for flight and cabin crew training, at an investment of $300 million; an aero-structure 'design and build' centre costing another $300 million; an information system and technical publications centre which will require $150 million; an engineering centre with focus on analysis and design worth $250 million, and a research and technology centre to initiate projects with universities and research laboratories for another $5 million.
The training centre starting will have four simulators to start with. Four more may be added over the next five years at an additional investment of about $300 million. It will cater to Airbus's requirements for all of Asia, said Leahy.
Airbus also plans to set up a maintenance, repair and overhaul (MRO) centre and a spare parts centre in India in the coming years. There will also be an exclusive design centre in Bangalore, where it plans to undertake design analysis, systems avionics and other IT related work.
The Airbus Global Market Forecast has predicted that India will clock an annual passenger traffic growth of 7.7 per cent until 2025, well above the world average of 4.8 per cent and China at 7.2 per cent. Leahy predicted that by 2025, Indian carriers will require an additional 935 passenger and 165 freight aircraft which will cost a whopping $105 billion.
First Published: May 07, 2007 19:17 IST