India's Livewel to invest $80m in Aviation City

Dubai: India's Livewel Aviation Services will invest $80 million in a 23,960 square metre maintenance, repair and overhaul (MRO) facility within Dubai World Central Aviation City's area, which will be operational by 2009, a statement said.
This is the third such deal signed by the newly launched DWC Aviation City, which will be home to the largest MRO centre in the world.
"India's expertise in the $41 billion global MRO market is highly respected worldwide and our agreement with Livewel will bring in the right resources, and personnel to this region," said Abdullah Al Quraishi, CEO, DWC Aviation City.
DWC Aviation City will be the regional centre for aviation manufacturing, MRO, aviation support services and consultancy, research and development, training, aviation products and parts and high tech industries.
Livewel's facilities will carry out aircraft heavy maintenance for wide and narrow bodied type of aircrafts, making it a preferred aircraft maintenance company in the region for airlines. The MRO will employ approximately 500 aviation professionals during the first year.
14/11/07 Gulf News, United Arab Emirates

To Read the News in full at Source, Click the Headline

Categories: Dubai Airshow 2007, Foreign Nov 2007