India's aviation growth to be double of global average, according to aviation major Airbus

Paris: World's leading aircraft manufacturer Airbus SAS  expects India's domestic aviation market to grow at 11 per cent annually while combined market for domestic and international routes to grow at 10 per cent annually over the next 10 years, which is twice the average global growth rate. Airbus has already committed to source products worth US$ 2 billion cumulatively over the next five years and also provide customized maintenance and other services for all its airline customers in India closer to their base. Airbus India MD Srinivasan Dwarakanath expects India will become one of the top three aviation markets globally in next 20 years. Considering the relatively low aviation penetration in India, the industry will need to double the number of aircraft fleet if just an additional one percent more of its population starts to travel by air. Although expectations are that India will need 1,291 aircraft by 2032, looking at the growth trajectory, forecasts may well be revised upwards. Airbus already has aerospace partnerships in India with Hindustan Aeronautics Ltd (HAL) for Airbus 320, Dynamitic for flaps in A320 and A330, Mahindras and Tatas in the defense area.  R&D in India stays as one of the primary focus for Airbus as they look forward to emerging technologies and innovative solutions to their airlines.          

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