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Indian inks pact with Airbus, Jupiter Aviation for joint venture

Our Bureau

Maintenance, repair and overhaul unit in New Delhi

At a glance
First phase of project will cost about Rs 150 crore.
Indian will have no equity stake in the joint venture.
Indian will contribute manpower and support services.

JOINT VENTURE: Mr Ravi Narayanan, CEO & MD, Jupiter Aviation; with Dr Kiran Rao, Executive Vice-President, Marketing & Contracts, Airbus; Dr Vishwapati Trivedi, CMD, Indian; and Mr John Leahy, Chief Operating Officer, Customers, Airbus, at a press conference in Mumbai on Thursday. — Paul Noronha

Mumbai May 10:
Indian inked a tripartite agreement for maintenance, repair and overhaul (MRO) joint venture with Airbus and Jupiter Aviation here on Thursday.

Jupiter Aviation is an exclusive strategic partner of the European Aeronautic Defence and Space Company for MRO and life cycle support for commercial aircraft in India. The venture will begin operations in New Delhi with two A320 hangars with a third to be added in due course. In the first phase, it will cater to major maintenance of Indian's A320 fleet, followed by check maintenance of ATR and other A320s in the country.

Expansion in the second phase will facilitate handling of other types of aircraft.
In three years, the establishment will be in a position to take in over 200 planes belonging to domestic airlines and of those abroad.

The first phase of the project will cost about Rs 150 crore and the second an equal amount.
Indian will have no equity stake in the joint venture, but will contribute manpower and support services. Jupiter Aviation and Airbus' overseas network partners, will invest in the project.
Dr V. Trivedi, Chairman and Managing Director, Indian, said the venture would help bring in better practices and enhanced efficiency. In monetary terms, the State-owned carrier would get a 20 per cent discount in the cost of servicing aircraft.

Freighter service

Replying to questions, he said the first of the five 737 Boeings being refurbished at Miami for domestic freighter service would be home in a month and the rest within three months.

Freight space had been sold out on a `cost-plus-basis,' besides the airline had an agreement with cargo service provider GATI. It was also in the process of concluding a tie up with India Post within a month. Nagpur will be the airline's hub for the cargo service. On the MRO in the context of post-merger, he said Air India also had an MRO and it could possibly lead to unification.

Mr Ravi Narayanan, Chief Executive Officer and Managing Director, Jupiter Aviation, said the facility would be ready to receive its first aircraft on October 1.

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