Airbus commits $1b investment

Eyeing the growth potential of the Indian civil aviation market, the European aircraft manufacturer, Airbus, on Thursday said it had firmed up plans to invest about $1 billion in various projects in India over the next ten years.

“Considering the growth that the civil aviation sector is poised to witness in India and the requirements to meet the demands, we are committing about one billion dollars here for the next decade,” Airbus Executive Vice-President (Marketing) and President of Airbus India Kiran Rao told reporters here.

The leading European aircraft manufacturer said it will invest about $300 million in setting up a training centre, another $250 million in an engineering centre in Bangalore, and will make equally heavy investment in setting up of a maintenance, repair and overhaul (MRO) facility.

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