Wednesday, March 12, 2014

Airbus sets up India subsidiary

Hyderabad:  Global aviation major Airbus has restructured its India operations to consolidate strengths and tap the growing market.
It has created a fully owned subsidiary called Airbus India by grouping its activities in the country. Srinivasan Dwarakanath is the new Chief Executive Officer and Charles Champion, member of the Airbus Executive Committee, is the Chairman.
Airbus India will manage the company’s Indian footprint spread across several sites. It will have customer centres in Delhi and Mumbai.
Airbus India is the fifth country subsidiary outside Europe for the aviation giant. The changes are directed towards building on the success of the Airbus Engineering Centre India (AECI) in Bangalore and a clear recognition of the country as a strategic hub, said Dwarakanath.
The new entity will also include strategy, customer services and procurement teams under one organisation. A Maintenance Repair and Overhaul (MRO) capability will be established, at a later date, he told Business Line in a telephonic interview.
11/03/14 M Somasekar/Business Line
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