"India is very important and a growing market with a lot of opportunities," Executive vice president and chief of sales at Airbus, Eric Schulz said.
"Given the potential of growth in air traffic, India is very high on our list," he said at a media briefing at the opening of the Singapore Airshow 2018 here.
The Singapore Airshow, the biggest such event in Asia, is held every two years.
For airplane manufacturers, Airbus and Boeing, the Asia- Pacific region is the biggest markets as they predict that the region will require 14,450 new aircraft in the next 20 years.
The 'Make in India' movement, covering 25 sectors of economy, was launched by the Narendra Modi government in 2014 to encourage companies to manufacture their products in India.
Elaborating on the group's strategy, a company spokesperson said that every Airbus commercial aircraft produced today is partly made in India.
"We have created over 6,000 jobs across the Airbus supply chain across 47 suppliers in India. Airbus spends over USD 500 million on procurement of parts for its aircraft".
Airbus India Training Centre is expected to train up to 800 pilots and 200 maintenance engineers every year, said the spokesperson, citing fleet growth and pilot requirements over 20 years.
Airbus is India's aircraft manufacturer of choice with 70 per cent of order backlog in the country. It is to deliver 545 planes over next 10 year, 515 of which are A320Neos, the spokesperson said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
