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.

Month: Current Affairs - March, 2014