Airbus plans to invest $1 billion in India over ten years
By Our Corporate Bureau | 08 May 2007
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New Delhi: European aircraft maker Airbus Industrie has confirmed that it would invest $1 billion 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.
Airbus will invest $1 billion in the next 10 years in India for training, maintenance and a design centre, said John Leahy, Chief Operating Officer, Customers, Airbus Industrie. In February this year, Airbus had announced an investment of $1 billion in India during the next decade. Kingfisher Airlines, owned by Indian distiller UB group, ordered five A380s in 2005 in a deal worth about $3 billion. It expects the first delivery of the aircraft in 2011 as it draws up plans for an international debut using the A380.
