Airbus upbeat on India demand

New Delhi: Notwithstanding the turbulence in the Indian aviation sector, European aircraft manufacturer Airbus is bullish and does not see any downward revision in its long-term outlook for aircraft demand in the country. The aviation giant expects a turnaround of the domestic aviation sector in 2010.
“In the long run, we are bullish on Indian aviation sector with the economy growing at 7.5% on an average. The aviation infrastructure are being put in place. Over the next 10-15 years, the industry would go strength to strength. We have already seen the bottoming-out,” Airbus executive VP (sales and marketing) Kiran Rao said. Airbus has forecast that India would require 992 aircraft with a total value of $120 billion by 2026. In its 2008 market projection for India, Airbus said the total fleet would comprise 670 single-aisle aircraft and 227 twin-aisle aircraft.
“We do not see any downward revision in our earlier projection. Passenger demand would remain strong in the long run,” Mr Rao said.
20/07/09 Economic Times

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Categories: Foreign Jul 2009