Jig,
Licences are only needed by those working as Line or hangar Maintenance Engineers , not something you need to worry about as a graduate engineer aiming to work in an analysis type role.
Infosys and Infotech in India are actually currently picking up alot of sub-contract work from Airbus and other European Companies. There is an increasing trend to outsource work to India due to the cost benefits. As a result you may find that the Aerospace Industry in India will offer you better employment opportunites than trying to work in Europe.