Saturday, October 18, 2008
Hyderabad: Notwithstanding cancellation of three A340 aircraft by Kingfisher and turbulence in the aviation industry globally, Airbus has said that the company’s latest forecast, which is due in the next two months, would peg the demand for aircraft at a higher level.
Addressing a press conference here on Thursday at Indian Aviation 2008, John Leahy, Chief Operating Officer (Customers), said the Airbus market share in India had gone up to 57 per cent (of 250 aircraft) in 2007 from 20 per cent in 1981.
Dr Kiran Rao, Executive Vice-President (Sales and Marketing), said that world would need 24,000 new aircraft in the next 20 years.
“India with a growth rate of 11.3 per cent tops the list of emerging aviation markets with a total population of 5.6 billion,” he said.
Stating that the airport traffic had gone up significantly in India since 2003, Dr Rao said India was expected to have a total fleet size of 1,221 (the present capacity is 253) by 2006, requiring 992 new aircraft with a total value of $120 billion. It would require 670 single-aisle aircraft and 227 twin-aisle aircraft.
18/10/08 Business Line
Addressing a press conference here on Thursday at Indian Aviation 2008, John Leahy, Chief Operating Officer (Customers), said the Airbus market share in India had gone up to 57 per cent (of 250 aircraft) in 2007 from 20 per cent in 1981.
Dr Kiran Rao, Executive Vice-President (Sales and Marketing), said that world would need 24,000 new aircraft in the next 20 years.
“India with a growth rate of 11.3 per cent tops the list of emerging aviation markets with a total population of 5.6 billion,” he said.
Stating that the airport traffic had gone up significantly in India since 2003, Dr Rao said India was expected to have a total fleet size of 1,221 (the present capacity is 253) by 2006, requiring 992 new aircraft with a total value of $120 billion. It would require 670 single-aisle aircraft and 227 twin-aisle aircraft.
18/10/08 Business Line
Labels: Airbus, Foreign, General, India
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