Delhi: European aircraft maker Airbus Industrie has confirmed that would invest
$1bn in India in the next decade. The aircraft maker''s superjumbo Airbus A380
has arrived in India for Kingfisher Airlines, its only customer in the country.
said will invest $1bn in the next 10 years'' in India for training, maintenance
and a design centre, said John Leahy, chief operating officer for customers at
European-based Airbus Industrie. In February
this year, Airbus had announced an investment of $1bn in India during the next
decade. Kingfisher Airlines, owned by Indian distiller UB group, ordered five
A380s in 2005 among 15 planes in a deal worth about $3bn. It expects the first
delivery of the aircraft in 2011 as it draws up plans for an international debut,
using the A380.