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Aircraft maker Airbus estimates that India will need more that 1,000 aircraft in the next 20 years.
Airbus president & CEO Tom Enders said on Friday that the 16% year-on-year increase in air traffic could translate into more aircraft sales. India, next to China, is one of the biggest growth hubs for aviation, Enders said. The company's forecast for China is around 3,000 aircraft over the same period.
We will see a pretty dynamic market here. It might not be as big as it was in 2005 but it needed that number of planes then because India was kept down in terms of traffic in those days, Airbus India president Kiran Rao said. India will see a steady growth.
Specifically, the company sees demand for 1,032 aircraft in India, Rao said. If the market continues to expand as it is, then we will achieve this number in 10 years rather than 20 years. The European plane maker expects to deliver between 20 and 30 aircraft per year over the next five years.
2011 will see the start of the re-ordering phase of the Indian carriers. It has already started. We are starting to see them not so much ordering to buy, but ordering to lease aircraft, said Rao. He added that this pattern of leasing would continue over the next couple of years. Meanwhile, company plans to double the headcount at the Airbus Engineering Centre India in Bangalore to 400 over the next three years, Enders said.
India will need 1,000 aircraft over 20 years: Airbus CEO
Airbus president & CEO Tom Enders said on Friday that the 16% year-on-year increase in air traffic could translate into more aircraft sales. India, next to China, is one of the biggest growth hubs for aviation, Enders said. The company's forecast for China is around 3,000 aircraft over the same period.
We will see a pretty dynamic market here. It might not be as big as it was in 2005 but it needed that number of planes then because India was kept down in terms of traffic in those days, Airbus India president Kiran Rao said. India will see a steady growth.
Specifically, the company sees demand for 1,032 aircraft in India, Rao said. If the market continues to expand as it is, then we will achieve this number in 10 years rather than 20 years. The European plane maker expects to deliver between 20 and 30 aircraft per year over the next five years.
2011 will see the start of the re-ordering phase of the Indian carriers. It has already started. We are starting to see them not so much ordering to buy, but ordering to lease aircraft, said Rao. He added that this pattern of leasing would continue over the next couple of years. Meanwhile, company plans to double the headcount at the Airbus Engineering Centre India in Bangalore to 400 over the next three years, Enders said.
India will need 1,000 aircraft over 20 years: Airbus CEO
