shot-button
Maharashtra Elections 2024 Maharashtra Elections 2024
Home > News > India News > Article > Airbus India needs 1750 new aircraft over 20 years

Airbus: India needs 1,750 new aircraft over 20 years

Updated on: 09 March,2018 04:54 PM IST  |  Hyderabad
IANS |

To help meet growth, India will need 1,320 new single-aisle aircraft and 430 wide-body aircraft valued at $255 billion, a statement said here on Friday

Airbus: India needs 1,750 new aircraft over 20 years

Representational picture


Representational picture


Hyderabad: India will require 1,750 new passenger and cargo aircraft over the next 20 years to meet an exponential rise in both passenger and freight traffic, according to Airbus latest India Market Forecast.


To help meet this growth, India will need 1,320 new single-aisle aircraft and 430 wide-body aircraft valued at $255 billion, a statement said here on Friday.

"Make in India is at the heart of our strategy. Airbus has the largest footprint in India of any International aircraft manufacturer, nationwide across all aircraft programmes. Our sourcing volume has grown 16 times over the past 10 years and it is currently at more than $550 million annually," said Srinivasan Dwarakanath, President Airbus Commercial Aircraft in India.

India is set to become the world's third largest aviation market by 2019-20 and Airbus is well positioned to partner its growth with backlog orders of over 530 aircraft to date, the statement said.

It said while much of the air traffic growth was expected to be driven by the fast expanding economy, rising wealth and urbanization, ambitious government-backed regional connectivity programmes were also set to enhance demand for air travel.

Domestic Indian traffic was expected to grow five-and-a-half times over the next 20 years (2017-36), reaching the same level as the US domestic traffic now, making it one of the world's fastest growing markets, according to Airbus' India Market Forecast.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK