Airbus launched new subsidiary Airbus India

The French company Airbus launched its wholly owned subsidiary in India called Airbus India.

About Airbus India

  • Fifth country subsidiary outside Europe for the Airbus.
  • Objective: To restructure the Airbus operations in India and consolidate it to tap the growing Indian aviation market.
  • Will include strategy, customer services and procurement teams under one organization.
  • Would also set up customer centres in Delhi and Mumbai.
  • New Chief Executive Officer: Mr. Srinivasan Dwarakanath.
  • Chairman: Mr. Charles Champion.
  • Would manage the company’s Indian footprint spread across several sites.
  • Plan to set up a Maintenance Repair and Overhaul (MRO) capability. 

Note: Airbus is the world’s leading commercial aircraft manufacturer and is owned by the Airbus Group and has subsidiaries in the United States, India, Japan and China.

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Categories: Business & Economy Current Affairs 2017

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