The French company Airbus launched its wholly owned subsidiary in India called Airbus India on 11 March 2014. The move is aimed at restructuring the Airbus operations in India and consolidate it to tap the growing Indian aviation market.
Recognising India as a strategic hub Airbus appointed Srinivasan Dwarakanath as Airbus India CEO and Charles Champion as Chairman. Charles Champion is member of the Airbus Executive Committee.
Airbus India will manage all the Airbus activities in India spread across several Indian cities. With this view it will also set up customer centres in Delhi and Mumbai.
The Indian entity of Airbus will include strategy, customer services and procurement teams under one organisation. Airbus also planned to set up a Maintenance Repair and Overhaul (MRO) capability.
Airbus India is the fifth country subsidiary outside Europe for the Airbus. The Indian subsidiary will build upon the success of the Airbus Engineering Centre India (AECI) in Bangalore.
Currently Indian carriers operate a fleet of over 170 Airbus aircrafts. Airbus current market share of sales in India represents over 60 percent of the country's total aircraft backlog. In addition, since 2005, Airbus has enjoyed over 60 percent market share of all new orders.
Where: in India
When: 11 March 2014