Airbus, Adani Defence join hands to explore aircraft services market

Topics Airbus | Adani Group

Representative Image

Airbus India and Adani Defence signed an agreement on Thursday to leverage synergies in aerospace and aircraft services, a fast-growing sector that is estimated to generate annual business worth $6.3 billion in the country by 2025.

The memorandum of understanding (MoU) was signed by Anand Stanley, president and managing director of Airbus India and South Asia, and Ashish Rajvanshi, the head of Adani Defence and Aerospace.

Airbus and Adani Defence will explore opportunities for collaboration in the area of aircraft services for Indian and South Asian market, the Airbus said after signing of the pact at the DefExpo2020 in Lucknow.

Airbus' global services forecast envisages the Indian aircraft services market to grow to $6.3 billion by 2025.

"Airbus is not only the world's leading civil aviation company, but also a major innovator and provider of aircraft services. This MoU demonstrates our commitment to support the development of India as a world-class services hub for aerospace products," Stanley said.

With Adani's recent foray into airports, this potential collaboration will leverage the synergies between the product and services excellence of Airbus and infrastructure, engineering and mega-project execution capabilities of Adani, the Airbus said.

"India is at the cusp of transformational growth in aircraft services market," Rajvanshi said. "Our collaboration with Airbus is aligned to our vision of nation building and to indigenise critical technologies and services, thus creating a vibrant ecosystem in aerospace capabilities in India."

The Airbus showcased its best-in-class military products and cutting-edge defence technologies at the expo. Models of the highly-versatile C295 aircraft, as well as the H145M and the H225M helicopters, were among its top exhibits.



Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel