Boeing signs deal with Maharashtra Airport Development Co.January 31st, 2009 - 9:55 pm ICT by IANS
Nagpur, Jan 31 (IANS) Aircraft maker Boeing Saturday signed a land lease agreement with Maharashtra Airport Development Co. (MADC) for setting up a $100-million maintenance, repair and overhaul (MRO) facility.”We will have our second MRO unit here in Nagpur with Air India as our partner,” Boeing senior vice-president Dinesh Keskar told reporters after signing the agreement.
The state-run MADC will provide land for the project.
Keskar said the construction work will begin by the end of next year. “By March-end, we will float tenders for constructing hangars and other facilities for the new MRO.”
Boeing chose Nagpur for setting up the facility as there is ample availability of manpower and land. The city also provides favourable climatic conditions for the facility, said the official.
Keskar added that the company will not cut jobs in India. Earlier, Boeing announced that it would slash 10,000 jobs worldwide.
The aerospace giant that manufactures passenger, freight and military planes has a workforce of 176,000 worldwide.
He added that said Boeing has orders worth $275 billion for supplying 3,700 aircraft to various airlines across the world.
“It will take at least five years for the company to meet the demand,” Keskar added.