Airbus selects Satyam, others

New Delhi: European aircraft giant Airbus on Tuesday said India will witness the highest domestic air traffic growth globally even during this slowdown. Airbus has also selected Satyam Computer, along with four other Indian IT giants, for software support to aircraft like A-380 and A-350.
Five companies Infosys, HCL, CADES, Satyam and Quest have been selected to provide engineering support services to various aircraft programmes like the A-380 and A-350. Four firms Infosys, Satyam, Tata and Wipro will be providing information system services including IT to Airbus.
The European major has reaffirmed its faith in Satyam. "We are going to stand by them despite what has happened in past three months. We have a very good relationship with Satyam. The IT firm's board chief Kiran Karnik has explained the overall process and things will become clear by April-end," said S Dwarkanath, Airbus' director (international cooperation).
Airbus, which will invest close to $1 billion here over the next decade in six major activities including aircraft design, said India will have the highest air traffic growth during 2007-11, and also over the next two decades. "India leads the pack of emerging markets in terms of aviation growth. Even in the slowdown affected period of 2007-11, India will grow at 11.3%," said Christian Scherer, head of strategy.
India's impressive figure also stems from the fact that the base of air traffic was very low till five years back when low cost carriers first appeared here and since then there has been tremendous growth.
25/03/09 Times of India

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Categories: Foreign Mar 2009, New Mar 2009