INSUBCONTINENT EXCLUSIVE:
The company has more than 100 suppliers in India
| Photo: Reuters2 min read Last Updated : Oct 07 2024 | 4:46 PM IST
Airbus will increase sourcing of components from India, which offers
plenty of opportunities, according to the aircraft maker's CEO Guillaume Faury.
The European major, which has bagged huge aircraft orders
from IndiGo and Air India, doubled its sourcing of components and services from India to 1 billion euros during the period from 2019-2024,
he said.Click here to connect with us on WhatsApp
The company has more than 100 suppliers in India.
At a press briefing in the national
capital on Monday, Faury, who is also the Chairman of the French Aerospace Industries Association (GIFAS), said there are plenty of
We will continue to double around every 5 years, that is in the next decade to come
It is a stable pace," he said.
In 2023, for the first time, there was more equipment to be placed on aircraft, helicopters than IT
The lines have crossed, he added.
Companies that are part of GIFAS make procurement worth $ 2 billion annually from India.
Meanwhile,
Airbus has an order book for around 8,600 aircraft and expects to produce about 770 planes this year.
IndiGo and Air India together have
placed orders for more than 1,000 planes with Airbus.
About the Indian market, Faury said it is the fastest growing civil aviation market
in the world and there is also fierce competition among airlines.
A high-level delegation of GIFAS, with more than 60 companies and over
100 people, is on a visit to India as they look to further boost partnerships and business opportunities between the two countries.First
Published: Oct 07 2024 | 4:46 PMIST
