Airbus prepares to deepen its industrial presence in India, Chief Executive Guillaume Faury told on Wednesday, December 21, 2022, after meeting the country’s Prime Minister Narendra Modi.
“We will continue to support civil aviation industry development and deepen our industrial footprint in India,” Faury told on Twitter alongside a picture of his meeting with India’s Prime Minister Narendra Modi.
Airbus CEO Faury meets PM Modi
Chief Executive Guillaume Faury’s comments on industrial presence arrive as India is increasingly involved in the civil supply chain.
Airbus Chief Executive Guillaume Faury said
A senior Airbus Chief Executive Guillaume Faury said to ET Infra in September that India had shown resilience during the pandemic and that Boeing and other companies would make raised use of its suppliers.
The meeting between the world’s largest civil planemaker and the leader of the world’s fastest-growing airline market also coincides with a potentially huge Air India jet buy, though industry sources told this was not the main focus of the visit in India.
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Air India is in the advanced stages of negotiating a major fleet renewal and expansion under new owner Tata Group that industry sources say could involve 250 Airbus jets including 200-210 A320neo-family jets and over three dozen A350s.
Tata Group and Airbus
Airbus also hopes to secure a new home at Air India for six A350s originally earmarked for Russia’s Aeroflot, though it stays unclear whether these are included in the main order. Air India is also close to an agreement to purchase some 190 Boeing 737 MAX jets and 30 of its 787 Dreamliners as part of the same package potentially close to 500 aircraft, Reuters reported last week. The deal could also involve a handful of larger 777X jets.
After intense talks in the past week, outlines of a package worth tens of billions of dollars are taking shape but the timing of any statement remains unclear, the sources stated. Big-ticket aircraft negotiations typically go down to the wire and can break down at the last minute over contractual details like deposits and inflation clauses, they cautioned.
Airbus declined to comment and Tata Group was not immediately available to say. In October, Tata Group and Airbus said they would make the C-295 military transport aircraft in India.
India, among the world’s largest defense importers, has been trying to cut its reliance on foreign firms and raise local output. Only state-owned Hindustan Aeronautics Ltd now makes aircraft, especially for the armed forces.
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