Airbus plans $1 bln investment in Indian aviation

New Delhi: European plane maker Airbus plans to invest more than $1 billion in the Indian aviation industry in the next 10 years, a senior executive said on Monday.
The investment would cover training, a maintenance facility, and a design and engineering centre.
“We have decided to invest over $1 billion in the next 10 years in Indian aviation,” John Leahy, chief operating officer (customers) of Airbus, told a news conference.
An Airbus A380, the world’s largest passenger aircraft, is in India on a promotional flight for India’s Kingfisher Airlines.
Airbus, part of the EADS group, has said it expects Indian firms to place orders for 1,100 passenger and freighter aircraft valued at about $105 billion over 20 years.
07/05/07 Reuters India