Air-India to pick up stake in Nagpur MRO

Mumbai: National flag carrier Air-India is all set to pick up stake in the proposed $100 million maintenance, repair and overhaul (MRO) facility of the US-based aircraft manufacturer Boeing Company in Nagpur.
Air-India's stake in the facility will be in the form of contribution of its engineering assets and infrastructure located at its base in Mumbai as well as its human resources.
The airline will hire an independent firm to value its engineering infrastructure and human resources to ascertain the proposed stake in the MRO project.
Sources said Air-India would pick up a substantial stake and be a major shareholder in the project next to Boeing. Boeing is also planning to induct a technological partner into the project.
A delegation from Boeing is expected this weekend to finalise the particulars of the Nagpur project.
13/09/06 P R Sanjai/Business Standard

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