GMR, Malaysia Airlines to set up aircraft repair facilityFebruary 27th, 2009 - 6:02 pm ICT by IANS
Hyderabad, Feb 27 (IANS) A GMR-led consortium that operates the city airport, and MAS Aerospace Engineering, a wholly-owned subsidiary of Malaysia Airlines, have floated a 50:50 joint venture to set-up a maintenance, repair and overhauling (MRO) facility here.
“The JV company named MAS-GMR Aerospace Engineering Company Ltd will be built on the eastern side of the Rajiv Gandhi International Airport,” a joint statement issued by the companies said Friday.
The Bangalore-based infrastructure and airport developer, GMR Infrastructure, is also part of a consortium that operates Delhi’s Indira Gandhi International Airport.
“Despite the economic downturn, there are over 350 aircraft in operation 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 about 2,000 new planes in the next 10 to 15 years,” said GMR group chairman G.M. Rao.
“All this makes us bullish for the future, and we are confident that the strategic location of Hyderabad just two hours away from all the major Indian metros and less than four hours away from all the SAARC countries will help,” he added.
In India, the MRO business is still in its infancy, with aviation services provider Air Works developing the country’s only such facility near Bangalore. Even that is not fully operational.
Currently, Indian carriers get their aircraft serviced in the Gulf, Europe and South East Asia.
–Indo-Asian news Service