MRO segment gaining momentum

New Delhi: Aircraft maintenance, repair and overhaul (MRO) business is gaining momentum with more and more players in the sector lining up with investment proposals. Boeing has said that it would invest about $100 million to set up an MRO facility in India in cooperation with Air India and a private partner.
Boeing has already tied up with national carrier, Air India, for this venture. The name of the third partner will be formally announced by December this year. A report by Ernst & Young has stated that the aviation sector in India slated to draw an investments of more than $120 billion by 2020.
Also a number of foreign companies have been participating and have been expressing their willingness to invest in the maintenance, repair and overhaul business in India.
On the other hand, Mumbai-based low-cost airline, GoAir has gone ahead and constituted a joint venture with the Singapore-based SIA Engineering to establish an engineering facility in India.
European aircraft manufacturer, Airbus, too, has said that it is willing to set up an MRO service in the country at the earliest.
The Kingfisher Airlines-Air Deccan combine is also exploring opportunities in the MRO sector. It is looking for a joint-venture partnership with a third party, which could be a foreign company.
21/10/07 The Statesman

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Categories: Foreign Oct 2007, General Aviation Oct 2007