Jet Airways leases land from BIAL to set up MRO unit
25 Apr 2008
Mumbai: Private air-carrier Jet Airways informed the Bombay Stock Exchange (BSE) today that it had entered into a land-leasing agreement with Bangalore International Airport Limited (BIAL) to set up a maintenance, repair and overhaul (MRO) facility.
"Jet Airways has entered into a framework agreement with Bangalore international Airport Limited (BIAL) with regard to sub-leasing land at the new Bangalore International Airport to construct a base maintenance and engineering facility," the company said in a communique to the Bombay Stock Exchange (BSE) today.
The company is yet to reveal details of the project.
According to industry sources, the facility would be used for both wide as well as narrow-bodied aircraft.