Satyam finally gets some reprieve as it is one of the orgs selected to give infotech support to European Airbus. Despite the tough times being faced by Satyam Airbus has shown confidence due to past rapport with the company and the management.
Indian and Chinese Air Travel is likely to see about 11 % growth in next 4-5 years where western travel business is likely to grow slower.
Hence Airbus is likely to invest in India about 1 billion dollars.
Infosys, Satyam, Tata and Wipro are the companies selected to partner with Airbus in this regard.
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