|
According to Airbus’ latest market forecast,
Indian carriers will require 1,290 new passenger
aircraft valued at US$190 billion between now
and 2032 to satisfy surging annual demand. Indian
annual passenger traffic growth rates of 8.6 per
cent are well above the regional Asia Pacific
average growth rate of 6.1 per cent and the world
average 4.7 per cent.
Of the requirement for 1,290 new aircraft,
some 73 per cent will be for growth and 27 per
cent for replacement. The new passenger aircraft
include 913 single aisles like the A320 and A320neo
Family, 322 twin aisles like the A350 XWB and
A330, and 56 very large aircraft such as the A380.
By 2032, today’s fleet of 343 aircraft will
more than triple to some 1,233 aircraft. In passenger
traffic term, domestic India is the fastest growing
flow increasing at almost 10 per cent per year
to 2032. In 2032, India domestic traffic will
be the world’s third largest domestic market.
In addition, five of the world’s top 20 fastest
growing flows, connect India. Today one in 20
Indians travel by air and in 2032 this will increase
five fold to a quarter of the population taking
at least one flight. Along with China, more people
will experience the benefits of aviation for the
first time in India than anywhere else.
“By 2032, the number Indian cities with
more than a million passengers every month will
have grown to 13 from today’s two. This exponential
growth will continue to drive the need for larger
aircraft like the A380 to operate in the country.”
said Dr. Kiran Rao, Airbus EVP Strategy and Marketing.
“As the people of India fly more and the
number of first time flyers increases, demand
for the latest generations of aircraft will also
increase making India on of the largest and most
dynamic markets in the world.”
Airbus has been fostering cooperation and helping
the Indian aviation sector grown sustainably for
over 40 years. Today, India produces parts for
the full range of Airbus aircraft, and employs
some 350 engineers in Bangalore. Airbus India
directly and indirectly employs some 5,000 people
in India contributing to all Airbus aircraft programmes.
Airbus is India’s aircraft of choice winning
over 60 per cent of new aircraft orders. Airbus
is grouping its activities in India through the
creation of a fully owned subsidiary called Airbus
India to manage the company’s significant
Indian footprint spread across several sites.
The new Airbus India organization will have customer
facing centers in Delhi and Mumbai. Building on
the success of the Airbus Engineering Centre India
(AECI) in Bangalore, Airbus India will also include
strategy, customer services and procurement teams
under one organization. A Maintenance Repair and
Overhaul (MRO) capability will be established,
at a later date.
Dr. Srinivasan Dwarakanath (Dwaraka) (pictured)
has been appointed Airbus India CEO and Mr Charles
Champion, EVP Airbus Engineering and member of
the Airbus Executive Committee is appointed the
Chairman of Airbus India. The existing Delhi Airbus
liaison office will remain under the leadership
of Ajay Mehra.
“Partnership is the binding ingredient
for success, and the establishment of Airbus India
underpins our strategy to foster even closer ties,”
said Dwaraka, CEO of Airbus India. “Building
on our significant engineering presence in India
the new company structure will add a strong customer
facing element making us more agile, bringing
us closer to stakeholders, suppliers, and also
to new talent. The Airbus India organization will
foster innovation, respond quickly to growth and
to seek out new cooperation opportunities in India.”
“India has one of the world’s greatest
aviation growth potentials and with an abundance
of engineering talent is a strategically important
market,” said Kiran Rao, Airbus EVP Strategy
and Marketing. “Airbus has been extending
its industrial cooperation partnerships with India
since the early 1970s, and today Indian engineering
and manufacturing companies nationwide representing
more than 5,000 people, contribute to all Airbus
aircraft programmes.”
|
