In the face of financial woes creeping across its airline sector, Airbus is sticking to upbeat forecasts for aircraft demand in India. The European planemaker recently said in Singapore that there is a lot of growth. The Indian aviation industry lost a combined $2 billion last year and all but unlisted IndiGo - an Airbus customer - lost money, complaining of high taxes on jet fuel, expensive airports and subsidies to state carrier Air India.
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