BigTom
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Joined: Sun Dec 10, 2006 6:51 pm

France Eyes Aircraft-making Facility In India

Wed Apr 25, 2007 2:34 pm

http://www.hindustantimes.com/StoryP...95593-775a-4c93-a464-ecb7014b51ea&

Quote:
France to set up aircraft manufacturing facility in India

Seeking to gain a bigger foothold in India's growing aviation market and also expand trade with the country, France on Wednesday said it intends to set up aircraft manufacturing and training facilities in this sub-continent nation.

"We foresee greater co-operation between both countries especially in the aeronautical sector. We are planning to set up aircraft manufacturing and training facilities here," French Ambassador to India Dominique Girard said.

His comments, during a function in New Delhi on Sunday, come months after officials of Airbus Industries, headquartered in Toulouse, France, said that the aircraft manufacturer plans to outsource as much as 60 per cent of its production and intends to allocate more work to India and China.

Such a move will help the European aircraft maker gain more customers in the country, whose national carrier Indian has placed orders for 43 aircraft with Airbus.

Besides, private airlines like Kingfisher are also major customers of the aircraft maker.

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varig md-11
Posts: 1112
Joined: Mon Jul 17, 2000 7:17 pm

RE: France Eyes Aircraft-making Facility In India

Wed Apr 25, 2007 10:21 pm

it wouldn't be a surprise considering the exchange rate of the Euro against the US dollar....
if it goes on like that, for each Airbus paid in US dollar and assembled in the Eurozone, EADS will get a deficit and not a benefit: therefore the assembly relocation attempts
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