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PARIS, Dec 21 (Reuters) – Airbus plans to deepen its industrial presence in India, Chief Executive Guillaume Faury mentioned on Wednesday after assembly the nation’s prime minister.
“We will continue to support civil aviation growth and deepen our industrial footprint in India,” Faury mentioned on Twitter alongside {a photograph} of his assembly with India’s Prime Minister Narendra Modi.
He didn’t present additional particulars.
Faury’s feedback on industrial presence come as India is more and more concerned within the civil provide chain.
A senior Boeing Co official instructed ET Infra in September that India had proven resilience throughout the pandemic and that Boeing and different firms would make elevated use of its suppliers.
The assembly between the world’s largest civil planemaker and the chief of the world’s quickest rising airline market additionally coincides with a doubtlessly large Air India jet buy, although business sources mentioned this was not the primary focus of the go to.
Air India is within the superior levels of negotiating a significant fleet renewal and growth underneath new proprietor Tata Group that business sources say may contain 250 Airbus jets together with simply 200-210 A320neo-family jets and over three dozen A350s.
Airbus additionally hopes to safe a brand new house at Air India for six A350s initially earmarked for Russia’s Aeroflot, although it stays unclear whether or not these are included in the primary order.
Air India can also be near a deal to purchase some 190 Boeing 737 MAX jets and 30 of its 787 Dreamliners as a part of the identical package deal doubtlessly near 500 plane, Reuters reported final week. The deal may additionally contain a handful of bigger 777X jets.
After intense talks previously week, outlines of a package deal price tens of billions of {dollars} are taking form however the timing of any announcement stays unclear, the sources mentioned.
Big-ticket plane negotiations sometimes go right down to the wire and may break down on the final minute over contractual particulars like deposits and inflation clauses, they cautioned.
Airbus declined to remark and Tata Group was not instantly out there to remark.
In October, Tata Group and Airbus mentioned they might make the C-295 navy transport plane in India.
India, among the many world’s largest defence importers, has been making an attempt to chop its reliance on international corporations and enhance native output. Only state-owned Hindustan Aeronautics Ltd at present makes plane, primarily for the armed forces. (Reporting by Tim Hepher; modifying by Jonathan Oatis)
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