GMIR-HIAL, MAS Aerospace Engineering sign MoU

Hyderabad: GMR Hyderabad International Airport Ltd (GHIAL) and MAS Aerospace Engineering (MAE), a wholly-owned subsidiary of Malaysia Airlines, on Friday entered into an agreement to set up a 50:50 joint venture airframe maintenance, repair and overhaul (MRO) company here.
The JV company will be known as MAS-GMR Aerospace Engineering Company Ltd.
"Despite the economic downturn, there are over 350 aircraft in operations currently. We expect that more than 200 new aircraft will be headed for India in the next few years, with a possible 10-fold increase of 2,000 new planes in the next 10-15 years," GMR Group Chairman G.M. Rao said.
The agreement was signed by P.S. Nair, CEO of GHIAL, and Mohd Rosian Ismail, Managing Director of MAE, in the presence of Rao, Dato' Tan Seng Sung, Malaysia's High Commissioner to India, N. Sadasivan, Deputy Chairman of Malaysia Airlines and Kiran Kumar Gandhi, Business Chairman- Airports, GMR Group.
This facility in Hyderabad airport will provide base maintenance services starting with C-checks for narrow bodied aircraft like Aribus A 320 and Boeing 737, including the B-737 Classic and B-737 next generation aircraft.
27/02/09 PTI/The Hindu

To Read the News in full at Source, Click the Headline

Categories: Foreign Feb 2009, Indian Aviation- In General Feb 2009, New Feb 2009