Sunday, February 24, 2013

Air Works seeks slashing of import duty on plane spares

Major Indian aircraft maintenance firm Air Works has sought slashing of import duty on airplane spares and service tax on MROs in the upcoming budget 2013-14.

Expanding its portfolio, the company had announced the acquisition of French aircraft repainting company Aero Technique Espace (ATE) last month.
This is Air Works' second such acquisition since it bought off UK-based Air Livery almost two years ago, becoming "one of Europe's largest providers of aircraft paint services", its Managing Director Vivek N Gour told .
Air Works, which had acquired business aviation services company Empire Aviation last year, is also a one-stop shop providing a wide range of manpower and services -- from pilots, cabin crew and maintenance to getting flight permissions, landing rights and refuelling aircraft finance and insurance to customers in India and the Gulf.
"If an aircraft owner wants to fly out urgently, he or she has to give us only a three-hour notice to put everything in place," Gour said.
24/02/13 Samy Live