Aerospace giant Airbus will set up its India headquarters and the country's first full flight simulator in Delhi to address the growing demand of trained pilots and aircraft maintenance engineers, Delhi International Airport Ltd (DIAL) announced on Thursday.
The GMR Group-led DIAL said in a statement that it has signed a land licence agreement with Airbus for a period till 31 March 2036 for the purpose.
"Delhi International Airport (P) Ltd, a GMR led consortium, announced that it has signed a land license agreement with Airbus for setting up India's first full flight simulator at the Aerocity - Terminal District of Indira Gandhi International (IGI) Airport," the statement said.
"On the 1.11 acres of land, Airbus will also establish its India Headquarters within the same development," the statement added.
DIAL said it has received the initial security deposit and advanced development charges (ADC), and will also receive an annual license fee from this license.
"Airbus India had decided to open its full flight training centre here keeping in mind the growing requirements of its customers as Delhi is a key base for most airlines - Air India, Indigo and Vistara," it added.