Published by Global Banking & Finance Review®
Posted on November 26, 2025
2 min readLast updated: January 20, 2026
Add as preferred source on GoogleSafran anticipates its India revenue to triple to over $3.4 billion by 2030, with significant contributions from local facilities amid India's booming aviation market.
NEW DELHI (Reuters) -French aerospace group Safran said on Wednesday it expects annual revenue from India, the world's fastest growing aviation market, to triple to more than 3 billion euros ($3.48 billion) by 2030.
Half of that revenue will be generated by facilities within the country, Safran CEO Olivier Andries said in a statement, as the company inaugurated a maintenance, repair, overhaul (MRO) shop for LEAP engines in the southern Indian city of Hyderabad.
The company invested 200 million euros in the facility, which is expected to be operational next year.
Safran, which co-produces LEAP engines with GE Aerospace through their CFM International venture, reported 27.32 billion euros in revenue in 2024.
The LEAP-1A competes with Pratt & Whitney to power the Airbus A320neo, while the LEAP-1B is the sole engine on the Boeing 737 MAX.
Addressing the inauguration, India's Prime Minister Narendra Modi said he had met with the Safran board. He asked the company to explore setting up aircraft engine and component design facilities in the country, amid a broader push by his government to make India an aviation hub.
Indian airlines have placed orders for more than 1,500 new aircraft, which will boost the need for maintenance and repair work. However, 85% of that need is met by facilities outside the country presently, increasing expenses and turnaround time, Modi said.
($1 = 0.8632 euros)
(Reporting by Abhijith Ganapavaram; Editing by Janane Venkatraman and Jan Harvey)
Revenue is the total income generated by a company from its business activities, typically from the sale of goods and services before any expenses are deducted.
Maintenance, repair, and overhaul (MRO) refers to the services required to keep equipment and machinery in working order, ensuring safety and efficiency in operations.
An aviation hub is a central airport or location that serves as a focal point for air traffic, connecting various routes and facilitating the movement of passengers and cargo.
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