Airbus confirms plan to invest 1 bln usd in India next decade |
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Mon, 07 May 2007 12:07
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NEW DELHI (XFN-ASIA) - Airbus Industrie confirmed plans to invest 1 bln usd in India in the next decade as its superjumbo Airbus A380 arrived to raise the profile of Kingfisher Airlines, its only customer in the country.The aircraft flew a maiden trip to New Delhi yesterday to mark the second anniversary of private domestic carrier Kingfisher, the only Indian airline and among 16 airlines globally to have ordered the plane from the European manufacturer.Airbus will invest '1 bln usd in the next 10 years' in India for training, maintenance and a design centre, John Leahy, chief operating officer for customers at European-based Airbus Industrie, told reporters here.In February, Airbus said in the southern city of Bangalore that it would invest 1 bln usd in the country during the next decade, but Leahy's confirmation comes as the airline pursues massive cost-cutting linked to low demand and production delays of the giant passenger jet.Kingfisher Airlines, owned by Indian distiller UB group, ordered five A380s in 2005 among 15 planes in a deal worth about 3 bln usd.It expects the first delivery of the aircraft in 2011 as it draws up plans for an international debut, using the A380 -- which has been much delayed in production -- on high-density routes such as to the United States.afp/net
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