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Airbus to double sourcing from India to $1.5 billion as plane orders soar

Airbus to double sourcing from India to $1.5 billion as plane orders soar

HYDERABAD, India (Reuters) -Airbus expects to double the total value of parts it sources from India to $1.5 billion in coming years, the planemaker’s India chief said on Thursday, as it looks to ride the boom in the world’s fastest growing aviation market. Indian carriers IndiGo, Air India and Akasa are set to receive deliveries of hundreds of new planes over the next decade in a boost for local component manufacturers that supply parts to planemakers and engine companies. Airbus has more than 40 suppliers in India, including Tata Advanced Systems and Mahindra Aerospace, which provide components and services for its commercial and defence aircraft as well as helicopter platforms.
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Airbus says to double procurement from India to $1.5 billion

Airbus says to double procurement from India to $1.5 billion

HYDERABAD, India (Reuters) -Airbus expects to double the total value of procurement from India to $1.5 billion in the coming years, the planemaker’s India president said on Thursday, as it looks to ride on the boom in the world’s fastest growing aviation market. Airbus also forecasts that the Indian aviation sector will need 2,840 aircraft by 2035, Remi Maillard, president and managing director of Airbus India and South Asia, said at the “Wings India” event in Hyderabad.
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