Airbus has expressed confidence about holding its strong position in the Indian market as well as securing significant number of orders over the next 10 years as the aircraft manufacturer is pinning hopes on more fuel-efficient and modern passenger aircraft family to meet the requirements of Indian operators.
Led by China and India, Asia Pacific region is expected to lead world traffic over the next two decades. Amid high cost business environment, Indian market promises huge growth potential for the civil airline firms due to strong growth in passenger traffic aided by buoyant economy, improvements in airport infrastructure, favourable demographics, rising disposable incomes and lower penetration levels. Thus, leading aircraft makers, like Airbus and Boeing have been aggressively fighting for market share and securing orders.
Airbus is reported to have established a strong position in the Indian market with over 60 per cent in the aircraft market.
24/12/12 G Balachandar/mydigitalfc.com
