Group15_MaintenanceH - Factiva http/ Air Works India To Invest $40 Mln On Plane Maintenance

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Air Works India To Invest $40 Mln On Plane Maintenance Unit 385 words 3 November 2009 05:57 Dow Jones International News DJI English NEW DELHI (Dow Jones)--Air Works India Engineering Pvt. Ltd. said Tuesday it plans to invest about $40 million to expand its facilities to tap rising demand for aircraft maintenance, repair and overhaul in the world's second- fastest-growing major economy. Air Works plans to build one more hangar by December 2010 to handle wide-bodied planes at its existing facility at Hosur, in the southern state of Tamil Nadu, Chief Executive Fredrik Groth told a news conference. The company currently has one hangar at Hosur that can handle two turboprop planes or one narrow-body aircraft at a time. "The MRO (maintenance, repair and overhaul) industry in India is at a nascent stage," Groth said. "As the airline industry here continues to grow, there will be an ever-increasing demand for MRO activities from the Indian market." He said the fund will also be used to build a painting unit and for future engine and parts repair works at Hosur.
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This note was uploaded on 01/11/2012 for the course EIN 4354 taught by Professor Tufecki during the Fall '08 term at University of Florida.

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