I-A, Airbus, HAL to form MRO unit

Mumbai: Indian Airlines and aerospace company Hindustan Aeronautics (HAL) will team up with European aircraft manufacturer, Airbus Industrie, to set up a maintenance, repair and overhaul (MRO) venture at an estimated cost of over Rs 500 crore.
The venture will be spread over two sites - Nashik and Mumbai. Earlier, US aircraft manufacturer Boeing Company had decided to set up its MRO in Nagpur, Maharashtra.
Indian and HAL will hold less than 50 per cent in the proposed MRO joint venture with one of Airbus' subsidiary company.
The investment in the MRO venture is part of the commitment made by Airbus to the government, following the Rs 10,000 crore aircraft order by Indian.
When contacted, Indian Airlines Chairman and Managing Director Viswapati Trivedi, said, the proposed MRO will not be a captive facility and will offer maintenance to all Airbus family aircraft.
17/05/06 P R Sanjai & Geetanjali Shukla/Business Standard

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