In a staff report, the fund says political complexities and high cost of living could weigh on policy
The aircraft flew a maiden trip to New Delhi Sunday to mark the second anniversary of private domestic carrier Kingfisher Airlines, the only Indian airline and among 16 airlines globally to have ordered the plane from the European manufacturer.
Airbus will invest “one billion dollars in the next 10 years” in India for training, maintenance and a design centre, John Leahy, chief operating officer for customers at European-based Airbus Industrie, told reporters in New Delhi.
In February Airbus said in the southern city of Bangalore that it would invest one billion dollars in the country during the next decade, but Leahy’s confirmation comes as the airline pursues massive cost-cutting linked to low demand and production delays of the giant passenger jet.
Kingfisher Airlines, owned by Indian distiller UB group, ordered five A380s in 2005 among 15 planes in a deal worth about three billion dollars.
It expects the first delivery of the aircraft in 2011 as it draws up plans for an international debut, using the A380 -- which has been much delayed in production -- on high-density routes such as to the United States.
Air travel in India has soared in the past five years as almost a dozen new airlines have been launched to serve demand in the fast-expanding economy.
In a staff report, the fund says political complexities and high cost of living could weigh on policy
Closed-circuit video images showed the bus veering sharply in the road before crashing from a bridge and sinking within seconds
EU foreign policy chief says there will be more nations following suit because Belgium has also decided to recognise Palestinian state
The vote by the 193-member General Assembly was a global survey of support for the Palestinian bid to become a full UN member
The case was filed against parties who took to their social media handle alleging that the brand was favouring a particular community
Ministry of Foreign Affairs calls for urgent, independent and transparent investigation into the incidents
The Princess of Wales announced in March she was having treatment after cancer was found following an abdominal surgery
Karim expressed her happiness at winning the medal, which added to the previous achievements of Emirati champions