labels: aerospace, eads
Airbus plans to invest $1bn in India over ten years news
08 May 2007

New Delhi: European aircraft maker Airbus Industrie has confirmed that would invest $1bn in India in the next decade. The aircraft maker''s superjumbo Airbus A380 has arrived in India for Kingfisher Airlines, its only customer in the country.

Airbus said will invest $1bn in the next 10 years'' in India for training, maintenance and a design centre, said John Leahy, chief operating officer for customers at European-based Airbus Industrie. In February this year, Airbus had announced an investment of $1bn in India during the next decade. Kingfisher Airlines, owned by Indian distiller UB group, ordered five A380s in 2005 among 15 planes in a deal worth about $3bn. It expects the first delivery of the aircraft in 2011 as it draws up plans for an international debut, using the A380.

 search domain-b
Airbus plans to invest $1bn in India over ten years