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.
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