Air India, Jupiter, France Airbus to set up MRO facility

New Delhi: Air India is joining hands with Airbus of France and Rajiv Chandrasekar’s Jupiter Aviation to set up a maintenance, repair, overhaul (MRO) facility in India to service all types of Airbus aircraft. A memorandum of understanding to this effect was signed here on Thursday.
The national carrier would now prepare a business plan for the MRO and submit it to its board. The plan would be ready in two months.
The proposed business plan would outline the broad contours of the proposed MRO joint venture. Equity stake for the partners, location of the proposed MRO, investment details and other plans would be part of the business plan.
It is understood that the MoU was inked by the national carrier’s chief V Thulasidas in the presence of the visiting French delegation headed by president Nicolas Sarkozy.
It is understood that Air India will set up the JV in partnership with a subsidiary of Airbus, which is an EADS company. Jupiter and EADS have already set up a special purpose vehicle for this purpose, it is learnt.
26/01/08 Nirbhay Kumar/Economic Times

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Categories: Foreign Jan 2008, NACIL Jan 2008, New Jan 2008