Rajeev may take off with aviation

Bangalore : When EADS CEO Tom Enders came to Bangalore recently, one of the few people he met was Rajeev Chandrasekhar, the man who is sitting on a pile of cash, having sold his BPL Mobile to Essar Group for an enterprise value of over a $1 billion.
Over dinner, the duo is understood to have discussed Maintenance, Repair & Overhaul (MRO), a badly required facility in India for the fast growing civil aviation industry in the country. According to industry sources, Chandrasekhar is moving fast to capitalise on the aviation boom which is unfolding in the Indian geography.
“ Aviation engine maintenance and related infrastructure space under the Maintenance, Repair & Overhaul (MRO) is an area he is going after,” the sources noted. According to independent estimates, an MRO will usually consume around $200 million.
21/09/06 Business Standard

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