Airbus in talks with HAL for JV

New Delhi: The rush to float new aircraft repair facilities in India is getting thicker. European aircraft maker Airbus Industrie is in talks with state-owned Hindustan Aeronautics Ltd (HAL) to set up a maintenance, repair and overhaul (MRO) facility for aircraft airframes.
And, Airports Authority of India (AAI) has also initiated talks with Indian Airlines for setting up a similar facility in a JV at the existing Hyderabad airport.
"With the number of aircraft flying in the country rising, MROs for both engines and airframes are turning out to be a big business opportunities here. It's a $800 million and growing market, and companies are now rushing in to cash in on this potential demand," a source said.
Sources said Airbus is exploring avenues for an alliance with HAL as part of its couter-trade initiatives for winning the $2.2-billion Indian Airlines aircraft order.
27/12/06 Byas Anand/Times of India

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