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Indian ties up for new MRO facility
 
Press Trust of India, Thursday, March 22, 2007 (New Delhi)
 
Indian on Thursday tied up with a private firm to set up the first MRO (Maintenance, Repair and Overhaul) facility for aircraft's airframe maintenance in India, with an estimated investment of Rs 300 crore.

The location of the MRO facility for advanced 'C-checks' of Airbus aircraft airframe would be decided shortly, though Delhi, Mumbai and Hyderabad could be the possible choices.

An MoU to set up a joint venture company to run the MRO was signed by Indian CMD Vishwapati Trivedi and Bangalore-based Jupiter Aviation's CEO Ravi Narayanan here.

Airbus fleet

The facility, to be set up in the next 24 months, would not only deal with the Airbus fleet of Indian, but would attract business from several airlines in the South Asian region using Airbus aircraft.

A business plan would soon be worked out, which would deal with all financial aspects of the joint venture firm, Trivedi said adding that the project size would be about Rs 300 crore, with at least Rs 100 crore worth of investment in the first year

     
   
 
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