After making a failed attempt almost two decades back to get into the Indian aviation sector, the Tatas are now returning to the segment with a vengeance. After announcing plans to part-own two domestic airlines in India, the salt-to-software conglomerate is now looking to set up a maintenance, repair and overhaul (MRO) unit for planes in India.
"The Tata Group is in talks with the AAI," said a top government official. "The group is looking to secure space for the MRO operations right now," he added without elaborating. An official from Tata Group declined to comment.
Earlier in the day, the group said it has signed a pact with Singapore Airlines to set up a full service carrier in India. The group plans to control 51% of the airline, while the rest will be held by Singapore Airlines, it said. It has another tie-up with AirAsia to launch a low-frills airline in the country.
Setting up an MRO unit will give the Tatas close to a 360 degree presence in the Indian aviation sector. The facility is likely to be used for maintaining aircraft for Tata's two airlines as well as for third parties.
Read News In full 20/09/13 Satish John/Economic Times
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