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India Needs $145 Bln Worth of Planes By 2030 – Airbus

  • India's aviation industry will require over 1,040 new aircraft worth $145 billion by 2030, plane manufacturer Airbus said on Thursday, to fuel continued growth in the country's rapidly expanding airline sector.

  • "Growing urbanization and population concentrations combined with a growing middle class and dynamic economic growth are driving demand and this trend is expected to continue," said Airbus, a unit of Europe's EADS (EAD.PA), in a statement.

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