New Delhi: High taxes on maintenance, repair and overhaul (MRO) activities in India has made Air Works India Engineering focus on growing international business. The company has formed a joint-venture with Nepal-based Yaksa Investment, 'Air Works Nepal', which will provide aviation maintenance services to international airlines and domestic operators from Tribhuvan International Airport, Kathmandu. Air Works India is also exploring possibilities to start to satellite line maintenance stations in Myanmar and Bhutan over the next few years.
Sanjeev Munjal, vice-president (strategy and M&A), Air Works India Engineering Pvt Ltd, said, "The commencement of operations in Nepal in is line with our overall expansion plans to start aviation engineering services' ventures in neighbouring countries where availability and quality of MRO services is not up to international standards. We are also examining possibilities to start operations in Myanmar and Bhutan."
While Air Works will extend its technical capabilities from India to facilitate operations in Kathmandu, Yaksa Investment will secure clearances from local regulatory authorities. Air Works will provide line maintenance services on ATR 42/72, Airbus 320/330 and Boeing 737/777/787. Commercial operations in Nepal are expected to commence by March/April 2015.
24/11/14 Sharmistha Mukherjee/Business Standard
To Read the News in full at Source, Click the Headline
Sanjeev Munjal, vice-president (strategy and M&A), Air Works India Engineering Pvt Ltd, said, "The commencement of operations in Nepal in is line with our overall expansion plans to start aviation engineering services' ventures in neighbouring countries where availability and quality of MRO services is not up to international standards. We are also examining possibilities to start operations in Myanmar and Bhutan."
While Air Works will extend its technical capabilities from India to facilitate operations in Kathmandu, Yaksa Investment will secure clearances from local regulatory authorities. Air Works will provide line maintenance services on ATR 42/72, Airbus 320/330 and Boeing 737/777/787. Commercial operations in Nepal are expected to commence by March/April 2015.
24/11/14 Sharmistha Mukherjee/Business Standard
