Indian finalises MRO venture with Airbus and EADS partner
14-May-2007 |
Airline Code [IAC]
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Indian has signed a tripartite agreement, leading to the formation of the proposed joint venture MRO. The other signatories were Airbus and Bangalore based Jupiter Aviation and Logistics, who is the exclusive strategic partner to EADS in India for MRO and life cycle support of commercial aircraft.
As per the agreement, this MRO venture would begin its activities in Delhi with two A320 hangars. A third hangar would be added in due course. The facility would cater to major maintenance of A320 fleet of Indian followed by check maintenance of ATR and other A320 aircraft in India. Phase II expansion would cater to wide body and other aircraft types. In the third year, the venture would have facilities to cater to over 200 single and widebody aircraft for various customers from India and abroad.
Speaking after the signing of the agreement in Mumbai, Chairman and Managing Director of Indian, Dr Vishwapati Trivedi, said, "this is the first of its kind in the Indian aviation industry. This will be a win situation for Indian and Airbus whose ever growing customer base will be benefited because of this venture."
Mr.Ravi Narayanan, CEO and MD Jupiter Aviation and Logistics said, "we are proceeding on schedule, towards starting operations by October this year. This would be the first, biggest and the most comprehensive MRO facility in India and in this part of the world. We are excited to be associated in this venture". Date posted: 14-May-07 |
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