News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 15 years ago
Rediff.com  » Business » Big spurt in aircraft orders by 2012: Airbus official

Big spurt in aircraft orders by 2012: Airbus official

Source: PTI
September 02, 2008 18:08 IST
Get Rediff News in your Inbox:

Aircraft manufacturing major Airbus Industrie expects a big spurt in orders by 2012 when the Indian aviation industry stabilises after the current critical situation, a top official said on Tuesday.

Kiran Rao, company's executive vice-president for sales, marketing and customer affairs, also said that government-owned Air India and private carriers Jet Airways and Kingfisher Airlines will create a niche in the global market due to their quality service in the next few years despite stiff international competition.

"After 2012, the next wave of orders can be expected. These will be huge orders. By that time, the existing airlines would sort out their problems, the infrastructure will be in place and the demand for air travel will continue to grow," Rao told PTI.

He said there has been no cancellation of orders or delayed deliveries from any Indian carrier, barring some staggering of deliveries due to the merger of Kingfisher Airlines and Air Deccan.

Most aircraft for which orders were placed in 2005-06 will be delivered by 2011-12, Rao said. After the existing carriers stabilise their domestic and global markets, they will need to place orders for additional aircraft by 2012.

The demand will be more for narrow-body planes than wide-body ones which are generally used for long-haul international flights, Rao said, adding the best year for Airbus in India was 2005 when a total of 229 aircraft orders were placed.

Airbus and its US competitor Boeing have so far together delivered 500 aircraft to India. "I expect there will be two waves (first in 2011-12) when both of us together will deliver another 500 planes," Rao said.

The European aircraft manufacturer now claims to control about 70 per cent of the market share of all commercial planes, delivering on an average one each week.

Airbus customers include Air India, Jet Airways, Kingfisher Airlines, GoAir and IndiGo.

While IndiGo alone placed the single largest order of 100 A-320s in 2006, Kingfisher was the first in the country to place orders for five of the largest aircraft A-380 and next generation A-350 which is yet to come out of the factory.

Jet Airways was the first to place orders for A 330-200s for international operations.

Maintaining that Jet and Air India have already made their presence felt in the global market, Rao said these two carriers and Kingfisher (which launches its first international flight from Bangalore to London tomorrow) will make their mark amid stiff competition from world players.

"Air India, Jet and Kingfisher will give tough competition to their global competitors primarily due to the levels of service. They give so much value for money which is absent in most major carriers the world over," the Airbus senior executive said.

"It is a strong future market evolving in a big way. Indian carriers will really establish themselves globally."

 

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!