India needs 2,840 new aircraft, 41,000 pilots in next 20 years: Airbus forecast
Maillard predicted that in the next 20 years India will remain the fastest growing economy in the world with 6.2 per cent growth annually.
India will need 2,840 new aircraft and 41,000 pilots as well as 47,000 technical staff in the next 20 years, Rémi Maillard, President and Managing Director of Airbus India and South Asia said on Thursday.
Addressing a press conference on the sidelines of the aviation conclave and exhibition, Wings India 2024, Maillard said Airbus will double its sourcing from India to USD 1.5 billion by the end of the decade from the existing USD 750 million.
He said that last year Airbus got orders for 750 aircraft and delivered 75 units to Indian carriers -- 41 to Indigo, 19 to Air India, 14 to Vistara and one to Go First.
“India is a force that will power global aviation over the next decades...The forecast is that India will require 2,840 new aircraft over the next 20 years to serve the needs of its growing aviation market,” he said.
He further said that the A350 aircraft is the catalyst of the revolution in international travel in India and already six of those planes were delivered to Air India last year.
Maillard predicted that in the next 20 years India will remain the fastest growing economy in the world with 6.2 per cent growth annually.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
06:45 PM IST