“Airbus Targets $1.5 Billion Sourcing from India Amidst Soaring Plane Orders and Aviation Boom”
In a significant move to capitalize on the booming aviation market in India, Airbus has unveiled plans to double its sourcing from the country to $1.5 billion, as confirmed by Remi Maillard, the President of Airbus India and South Asia. The announcement, made at the “Wings India” event in Hyderabad, comes as Indian carriers, including IndiGo, Air India, and the newly established Akasa, gear up to receive deliveries of hundreds of new planes over the next decade.
In a significant move to capitalize on the booming aviation market in India, Airbus has unveiled plans to double its sourcing from the country to $1.5 billion, as confirmed by Remi Maillard, the President of Airbus India and South Asia. The announcement, made at the “Wings India” event in Hyderabad, comes as Indian carriers, including IndiGo, Air India, and the newly established Akasa, gear up to receive deliveries of hundreds of new planes over the next decade.
Currently, Airbus sources parts worth $750 million from India, collaborating with over 40 local suppliers, including prominent names such as Tata Advanced Systems and Mahindra Aerospace. These Indian companies contribute components and services for both commercial and defense aircraft, as well as helicopter platforms.
Maillard expressed confidence in the Indian aviation supply chain, stating, “Global aviation is pivoting to India, and we are only seeing the tip of the iceberg.” The fast-growing aviation market in India is set to witness the total fleet size of its airlines skyrocket to over 2,000 by 2030, a significant leap from the current 700. The government is also investing approximately $12 billion in constructing new airports and refurbishing existing ones, creating an environment conducive to aerospace manufacturing.
At the “Wings India” event, Civil Aviation Minister Jyotiraditya Scindia highlighted the remarkable growth in domestic manufacturing capacities, stating, “There is not a single aircraft that is produced by Airbus or Boeing internationally today that does not carry a part that is made in India.” He added that with Airbus and Boeing sourcing various parts from India, the time is ripe for them to consider establishing a final assembly line for planes in the country.
While the focus has primarily been on increasing sourcing and procurement from India, the latest move by Airbus to double its sourcing value is seen as a strategic step to strengthen its presence in the rapidly expanding Indian aviation market. This development coincides with substantial plane orders for both Airbus and Boeing, including IndiGo’s record order for 500 Airbus planes and Air India’s order for 470 planes split between the two manufacturers. Additionally, on Thursday, Akasa Air placed an order for 150 narrowbody planes from Boeing, further solidifying the Indian aviation sector’s trajectory toward unprecedented growth.
Sources By Agencies
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