News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 16 years ago
Rediff.com  » Business » Airbus in talks with AI for selling 12 A380s

Airbus in talks with AI for selling 12 A380s

Source: PTI
Last updated on: October 30, 2007 16:09 IST
Get Rediff News in your Inbox:
European aircraft maker Airbus Industrie is in talks with flag carrier Air India for sale of up to 12 superjumbo A-380 planes, as it looks for a greater presence in the world's fastest growing civil aviation market.

Flanked by Chief Operating Officer John Leahy and Airbus (India) President Kiran Rao, Airbus Chief Executive Officer Tom Enders said his company hoped to expand its relationship with India, which he termed as the "fastest growing (civil aviation) market."

Leahy told reporters that Airbus was holding talks with Air India for sale of about 10 to 12 A-380 aircraft.

So far, only Kingfisher Airlines among Indian carriers has placed orders for purchase of A-380s, delivery of which will begin from 2010-11. Earlier this month, Singapore Airlines became the world's first airline to have inducted the superjumbo in its fleet.

"If orders are placed within the next couple of months, Airbus will be able to start delivery of aircraft by 2011-12,"
Leahy said. 

The long range aircraft can enable an airline to fly to Delhi-Los Angles or Delhi-New York non-stop.

The Airbus COO said he hoped to see the A-380 in Indian skies "in the near future and not in distant future."

Rao, while emphasising on the growth of Indian civil aviation market, said that the company had so far sold more than 100 aircraft this year among its seven customers.

The estimate was that India would require 1,100 aircraft worth $105 billion in the next 20 years, he said and added that the company was also focusing on the country's cargo market which was also growing manifold. (PTI)

Photograph: Jay Directo/AFP/Getty Images

Airfare for Rs 599 and less!

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!