Airbags can save lives (atleast the front occupants as they provide only 2 airbags) with or without ABS. For instance, there was a recent accident in the Bangalore - Chennai highway where a NHC collided with a bus that suddenly came from the opposite direction - all occupants passed away. If there had been airbags atleast 2 may have been saved; ABS or no ABS.
Cheers,
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