Airbus unveils massive India investment

Airbus has revealed it will raise its investment in India to at least one billion US dollars.Airbus had already committed to investing in India as part of a deal with the government, which is purchasing 43 Airbus aircraft for the state-run Indian Airlines in a deal valued at USD2.25 billion (euro1.7 billion).

But Airbus is now planning to double the USD500 million required under that agreement, Kiran Rao, Airbus’ executive vice president of marketing explained at a news conference.