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Business EconomyPosted at: Jan 16 2018 6:33PM


India is single biggest market for leading A320neo aircraft: Airbus

New Delhi, Jan 16 (UNI) The leading aircrafts manufacturer Airbus has said that India is the single biggest market for its leading A320neo aircraft and the company will focus a lot on Indian aviation market.
In reply to a UNI question on the plans of Airbus for India and orders from Indian Aviation Companies (Airlines), Justin Dubon, Head of Global News, Airbus said, “So you will see the Airbus fleets grow with carriers such as GoAir, IndiGo, Vistara, Air India and Jet Airways.”
He said that India is one of the fastest growing economies and in tandem has one of the fastest growth trajectories in the aviation sector.
He said that Airbus will publish an updated market outlook for India later this year but in Company’s last forecasts it said the number of new aircraft serving the India world grow to over 1,600 aircraft in the next 20 years.
He added that this is partly due to added disposable income with India’s middle classes set to reach some 600million people and people’s propensity to travel to quadruple between now and 2034.
He further said that aviation is a long term business and investments are made years in advance.
The European plane maker said on Monday net orders after cancellations rose 52 per cent to 1,109 aircraft in 2017, placing it ahead of Boeing's 912 net orders.
UNI ADP SHK 1833
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