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Business News
India needs 1,900 aircraft in 20 years, predicts Airbus
 
Hyderabad, Mar 12 (PTI): Backed by buoyancy in the increase of air travellers, India will require about 1,900 new passenger and cargo aircraft before 2038, president and managing director of Airbus India (South Asia) Anand Stanley said on Thursday.

Of the 1,900 aircraft, 1,440 aircraft are for growth and 440 are for replacement of retiring aircraft, he told reporters on the sidelines of "Wings India 2020", an aviation-related event, here.

He said Airbus was sourcing volumes from the country to reach than USD one billion by 2025 from the current USD 650 million.

If you move to the future, within 20 years by 2038, we believe that the number (the 0.5 trips per capita in India) will grow at least four times. That is what China is close today. That is what the average of the global markets today," he said.

"In the next 20 years, Indian trafficis forecast to increase at 8.2 per cent per year. At a fairly conservative number we believe that by 2038, we will add at least 1,880 new aircraft in India. This is net of replacements and any other deductions, he said.

Taking into account the 440 retirements, Indias existing domiciled fleet of 510 aircraft would quadruple to 1,950 by 2038, he said.

According to Stanley, India is set to become one of the worlds largest economies, with some of the worlds fastest growing cities in terms of GDP, like Hyderabad, Chennai and Bengaluru.

He said in the next 20 years, air transport is expected to be a key enabler and a beneficiary of this economic growth.

Rising wealth and urbanisation, and the Indian governments ambitious regional connectivity programmes are all growth drivers, he said.

With its "worldclass" engineering and training centres and a 45-strong supplier network, Airbus industrial footprint in India has set new standards among international aircraft manufacturers, he said.

The Design in India component (of Airbus) has been growing at fairly I would even say exponential rate and to the point that we believe in the next five years this USD 650 million number (sourcing from India) can easily cross USD one billion," he said.

Replying to a query on the A320 Neo engine issues, he said the Director General of Civil Aviation (DGCA) has set May 30 as deadline to replace unmodified engines and the aircraft- maker is working with the engine manufacturers on the issue.

"About a month ago these engines, they are about 300 in the nation and over 200 of them have been upgraded and modified to the new fixes that prevent these reliability issues," Stanley said.

"The DGCA has given a directive that all of them have to be modified by May 31. We, as Airbus and an engine manufacturer, are both working to achieve the timeline," he said.

The Delhi High Court earlier this month had sought the response of the Centre, aviation regulator DGCA, Indigo and GoAir on a plea seeking grounding of A320neo aircraft with faulty engines.

The plea, filed by a Chennai-based association of passengers, alleged that despite being aware of "significant technical issues with Airbus A320 Neo," neither the Ministry of Civil Aviation (MCA) nor the DGCA has taken any concrete steps to ground these aircraft.

The Airbus official said those engines do not have any safety issues and they may be reliability issues for which "fixes and updates and modifications have been in place.


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KERALA NEWS
Kerala has been successful in containing outbreak of COVID-19, claims CM
 Thiruvananthapuram: Kerala Chief Minister Pinarayi Vijayan on Friday said the State has been success  
Elderly couple cured of COVID-19, says Kerala CM
32 new cases in Kerala, Elderly couple cured of virus
Covid-19: Punishment by police in Kannur for violating lockdown turns into row
INTERNATIONAL NEWS
Trump recommends Americans wear face masks, but says he won't
 Washington, Apr 4 (PTI) President Donald Trump has recommended Americans to cover their faces with s
Indonesia covers up to protect orangutans from virus threat
Bangladesh sees highest single-day jump in coronavirus cases, extends shutdown to Apr 11
US wages all-out war to defeat "horrible" coronavirus: says Trump, as death toll crosses 5,000
NATIONAL NEWS
EC postpones elections to 11 UP Legislative Council seats amid lockdown
 Lucknow, Apr 4 (PTI) The Election Commission has postponed the elections to 11 Uttar Pradesh Legisla
Coronavirus: No community transmission in Goa, says CM
Madhya Pradesh: Two senior health officials test positive for Covid-19
43 more test positive for virus in Mumbai; death toll 19
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