[Aviation Today March 11, 2014] Airbus
has created a new fully owned subsidiary, Airbus
India, in a move to expand its footprint in a region with huge aviation growth potential.
Srinivasan Dwarakanath, CEO of Airbus India. Photo, courtesy of Airbus.
Srinivasan Dwarakanath has been appointed CEO of Airbus India, and Charles Champion will serve as the chairman of Airbus India. Dwarakanath previously established the Airbus Engineering Center India (AECI) and Airbus Training India (ATI), and will now oversee the European company's expansion in the region.
“Partnership is the binding ingredient for success, and the establishment of Airbus India underpins our strategy to foster even closer ties,” said Dwarakanath.
The new chief executive wants to bring the European company closer to stakeholders and suppliers in India, where airlines currently operate a combined fleet of over 170 Airbus aircraft. Adding to its engineering presence in the region, a new Maintenance Repair and Overhaul (MRO) capability will also be established under Airbus India at a later date.
According to Airbus, the company has obtained a 60 percent market share over all new aircraft orders to India since 2005.
Airbus facility in Bangalore. Photo, courtesy of Airbus.
The announcement of Airbus India comes following the recent call by Ashok Lavasa, India's civil aviation secretary, for operators and airlines there will need to upgrade in order to take advantage of the benefits from the country's new Air Traffic Control (ATC) system, Gagan, which will be necessary to accommodate for projected future air traffic growth rates in India.
Commenting on the announcement, Airbus Executive Vice President of Strategy and Marketing Kiran Rao called India "one of the world's greatest aviation growth potentials" and a "strategically important market."