by Neelam Mathews
-Pix Credit-Snecma
February 16, 2015, 3:18 PM
February 16, 2015, 3:18 PM
France’s Snemca and India’s Max Aerospace have finalized an agreement
to form an aircraft engine maintenance, repair and overhaul operation called
Maxaero Aircraft Engines Pvt Ltd (MAEPL).
The partners claim that the operation, which is set to start operations during
the second quarter of 2015, will be India’s first privately owned engine MRO joint venture.
Initially, MAEPL will provide line support for the
Snecma M53 engines that power Dassault Mirage 2000 fighters operated by India’s
air force. The service has indicated that it plans to outsource more
maintenance work.
The new company will also start supporting CFM56 airliner engines, made by
Snecma’s CFM International partnership with GE Aviation. According to MAEPL chairman Bharat Malkani, there are
currently approximately 400CFM56
engines in service with Indian carriers such as Jet Airways, Air India and
GoAir. He said that this number is projected to double in the next decade and
that MAEPL will focus on providing line support
for operators. Air India has its own CFM engine shop but has to send some
engines to overseas repair facilities due to a lack of in-house capacity.
The joint venture is
investing approximately $17 million in a new facility at Nagpur that is due to
be ready by 2017. Max Aerospace, which is headquartered in Mumbai, holds a
76.1-percent stake in the business, with Snemca having the remaining
24.9 percent
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