Aviation

Airbus to raise its Indian sales forecast soon

DELHI

European plane maker Airbus Group NV will soon raise its forecast for the number of aircraft it expects India’s airlines to purchase in the two decades to 2032, reports Mint.

This reflects the airline company’s optimism about India’s economic prospects. In March, Airbus had said that it sees India requiring 1,290 new aircraft valued at $190 billion between 2012 and 2032 to meet travel demand in the country.

“What we now see is with this new Indian government in place, we are a lot more optimistic about India and its economic growth in the years ahead,” Kiran Rao, Airbus’ executive vice-president of strategy and marketing, said in an interview from Singapore, “We will revise the India forecast soon.”

On Wednesday, IndiGo, India’s largest domestic airline by market share, announced that it had signed an agreement to buy 250 aircraft from Toulouse, France-based Airbus—a deal valued at $25.5 billion at list prices.

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