Lucknow: Airbus India and Adani Defence and Aerospace today signed a Memorandum of Understanding (MoU) at DefExpo 2020 to leverage synergies in aerospace and civil aviation sector. The MoU was signed by Airbus India and South Asia President and Managing Director Anand Stanley and Adani Defence & Aerospace Head Ashish Rajvanshi.
Airbus and Adani will explore opportunities for collaboration in the area of aircraft services for Indian and South Asian market. Airbus’ Global Services forecast envisages the Indian aircraft services market to grow to US $6.3 billion by 2025.
“Airbus is not only the world’s leading civil aviation company but is 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,” Anand Stanley said on the occasion.
Adani Defence and Aerospace has established a comprehensive aerospace and defence ecosystem in India. 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.
“India is at the cusp of transformational growth in aircraft services market. Our collaboration with Airbus is aligned to our vision of nation building and to indigenous critical technologies and services thus creating a vibrant ecosystem in aerospace capabilities in India,” Ashish Rajvanshi said.
NOTE: Adani Group is an integrated industrial conglomerate in India with six publicly traded companies with total revenues of $15 billion and a market capitalisation of over $30 billion. Headquartered in Gujarat, India, Adani Group has market leadership position across Sea Ports, Airports and Logistics, Energy (Generation, Transmission and Distribution), Gas Terminals and Distribution, and Defence and Aerospace.
NOTE: Airbus is a global leader in aeronautics, space and related services. In 2018, it generated revenues of €64 billion and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.