New Delhi: Air India is eyeing a Rs 1,000 crore ($161 million) maintenance repair and overhaul (MRO) opportunity in the country, which it intends to garner from its soon to be completed facility at Nagpur. To be handed over to the flag carrier by Boeing, this will be Asia`s largest MRO facility and is expected to be completed by mid-2015.
"Civil work is progressing fast at the facility and state-of-the-art machinery is being installed. The facility should be operational by mid-2015," Air India chairman and managing director Rohit Nandan told IANS.
"The facility will be used for in-house as well as third-party work to generate additional revenue," he added.
The MRO project, adjacent to the Nagpur airport, is being erected as a contractual offset for Air India`s mega order for 68 Boeing aircraft placed in 2006. The facility will be handed over by Larsen and Toubro (L&T), which has been contracted by Boeing, after the commissioning of key facilities and equipment like water, electricity and pressurised systems.
The facility, spread over 50 acres, will have two hangars. It has been designed to offer maintenance and overhauling services to 300 aircraft a year. The hangars can house three B-787s or one B-777 at a time.
Air India plans to use the MRO as a separate profit-making subsidiary of its engineering division - the Air India Engineering Services Limited (AIESL) - which was envisaged as part of the airline`s turnaround and financial restructuring plans.
Nearly 7,000 employees of Air India have been assigned to move to AIESL.
13/01/15 IANS/Zee News
"Civil work is progressing fast at the facility and state-of-the-art machinery is being installed. The facility should be operational by mid-2015," Air India chairman and managing director Rohit Nandan told IANS.
"The facility will be used for in-house as well as third-party work to generate additional revenue," he added.
The MRO project, adjacent to the Nagpur airport, is being erected as a contractual offset for Air India`s mega order for 68 Boeing aircraft placed in 2006. The facility will be handed over by Larsen and Toubro (L&T), which has been contracted by Boeing, after the commissioning of key facilities and equipment like water, electricity and pressurised systems.
The facility, spread over 50 acres, will have two hangars. It has been designed to offer maintenance and overhauling services to 300 aircraft a year. The hangars can house three B-787s or one B-777 at a time.
Air India plans to use the MRO as a separate profit-making subsidiary of its engineering division - the Air India Engineering Services Limited (AIESL) - which was envisaged as part of the airline`s turnaround and financial restructuring plans.
Nearly 7,000 employees of Air India have been assigned to move to AIESL.
13/01/15 IANS/Zee News
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