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Monday, 11 July 2011

Airbus Updates No.343

Airbus Has Orders Worth USD$35 Bln From India

European plane maker Airbus has orders worth USD$35 billion from India, a senior company executive said on Friday, with recent record order wins in the fast-growing market accounting for more than half of the total orders.
Indian carriers are rapidly expanding their operations as an economy growing at nearly 9 percent spurs business travel and the middle class, long accustomed to rail travel, increasingly takes to the air.
Airbus has an order backlog of more than 400 planes to be delivered to Indian carriers over the next 15 years, Joost Van Der Heijden, Airbus's head of airline marketing for Africa, India, South East Asia and Japan, told reporters in Mumbai.
He said India is the seventh-largest market for Airbus but expected it to climb in coming years.
"India will move up with traffic growth higher than anywhere in the world," Heijden said.
"The Indian fleet will certainly more than double and could even triple in the coming years," he said on the sidelines of an industry conference.
Indian budget carriers Indigo and GoAir last month placed orders worth nearly USD$23 billion in total with Airbus.
Rival Boeing has existing orders of about USD$15 billion with airlines in India, the senior official in its Indian unit said on Thursday.
Boeing expects India's commercial plane market to reach USD$150 billion over the next 20 years, as a burgeoning middle class is expected to drive demand in Asia's third-largest economy.

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