Hyderabad: Lufthansa Technik, a provider of services for maintenance, repair and overhaul services of airplanes, components and engines, has announced plans to set up a facility at Hyderabad in a joint venture with GMR Group.
The MRO operations will come up at an initial investment of over $20 million (about Rs86 crore) at the new airport being built by a GMR-led consortium here. Lufthansa Technik will hold more than 75% in the MRO company, while GMR will hold the balance equity.
The facility with a two-bay hangar and state-of-the-art workshops will provide base maintenance services for Airbus A320 family of planes and Boeing 737 aircraft. It will have two parallel lines to serve the the rapidly growing narrow-body fleet of Indian carriers and commence operations by 2008-end, chairman of Lufthansa Technik August W. Henningsen said. “We have already tied-up with domestic carriers such as Jet Airways, Air-Sahara, Kingfisher Airlines and Go Air for offering MRO services,” said Henningsen.
Boeing and Airbus Industrie have firmed up plans to set up their MRO facilities at Nagpur and Nasik with investments of over $100 million each.