India needs $145 bn worth of planes by 2030: Airbus

India's aviation industry will require over 1,040 new aircraft worth $145 billion by 2030, plane manufacturer Airbus said on Thursday, to fuel continued growth in the country's rapidly expanding airline sector.

"Growing urbanization and population concentrations combined with a growing middle class and dynamic economic growth are driving demand and this trend is expected to continue," said Airbus, a unit of Europe's EADS, in a statement.