In a significant step forward, Airbus India and Adani Defence signed an agreement on Thursday to promote synergies in aerospace and aircraft services, highlighting India’s advancement in aircraft services market that is expected to generate $ 6.3 billion by 2025.
A memorandum of understanding (MoU) was signed by Airbus India and South Asia President and Managing Director Anand Stanley and Adani Defence and Aerospace head Ashish Rajvanshi.
“Airbus and Adani Defence would explore opportunities for collaboration in aircraft services for Indian and South Asian markets,” Airbus India said after signing the pact at the DefExpo 2020 in Lucknow.
“Airbus is not only the world’s leading civil aviation company but also a major innovator and provider of aircraft services.
