Air India to partner Boeing''s Nagpur MRO unit

26 Sep 2007

1

Air India (AI) will be an equity partner in the Maintenance Repair and Overhaul (MRO) facility being set up by international aircraft manufacturer Boeing in Nagpur. The search for a third partner in the venture is on.

AI has sent a memorandum of understanding (MoU) to Boeing, but the exact holdings will be worked out later, National Aviation Company of India Ltd (NACIL) chairman and managing director V Thulasidas said at the launch of Air India Express''s maiden Nagpur-Dubai flight on Monday 24 September.

Boeing had announced the setting up of a Rs500-crore MRO facility last year, as part of the Rs45,000-crore 111-aircraft deal with Air India. "An aviation revolution is being scripted in the hinterland of India, and we''ve been successful in easing the traffic at Delhi and Mumbai," union civil aviation minister Praful Patel said.

Choosing the occasion to put down his cabinet colleague and Nagpur MP Vilas Muttemwar, Patel said: "Nagpur will become a cargo hub, but there has to be a clear direction we need to take. We have to increase traffic, and take steps to make the service viable. Muttemwar has criticised Patel over the delay in the handover of the Nagpur airport for the Multimodal International Hub Airport at Nagpur.

Patel said that the proposal for transfer of the airport to the special purpose vehicle - a joint venture between Maharashtra Airport Development Company and Air India - has been moved and will be discussed before the cabinet.

But, he pointed out, the state government had to acquire the land first, so that the airport project can be handed over to a private player for development. Patel said he would pitch for Nagpur among cargo handlers at the World Economic Forum scheduled at New Delhi in October.

Latest articles

The silicon-rich AI race: how Cisco’s G300 puts networking at the center of compute

The silicon-rich AI race: how Cisco’s G300 puts networking at the center of compute

Silver jumps nearly Rs 7,000/kg; gold rises Rs 1,600 as weak US retail data boosts rate-cut bets

Silver jumps nearly Rs 7,000/kg; gold rises Rs 1,600 as weak US retail data boosts rate-cut bets

Goldman Sachs doubles down on India, climbs Wall Street rankings in crowded deal market

Goldman Sachs doubles down on India, climbs Wall Street rankings in crowded deal market

Rahul Gandhi criticises India–US trade deal as tariffs on Indian goods rise to 18%

Rahul Gandhi criticises India–US trade deal as tariffs on Indian goods rise to 18%

MPS Board Member and Senior Treasury Official Resigns Amid Insider Trading Probe

MPS Board Member and Senior Treasury Official Resigns Amid Insider Trading Probe

Eutelsat Secures €1 Billion Financing for OneWeb Satellite Procurement

Eutelsat Secures €1 Billion Financing for OneWeb Satellite Procurement

Tencent, Tesla Team Up on WeChat-Linked In-Car Features in China

Tencent, Tesla Team Up on WeChat-Linked In-Car Features in China

Australia presses Roblox over child safety concerns, regulator signals possible fines

Australia presses Roblox over child safety concerns, regulator signals possible fines

Cisco Unveils AI Networking Chip to Strengthen Position in Data Centre Boom

Cisco Unveils AI Networking Chip to Strengthen Position in Data Centre Boom
View details about the software product Informachine News Trackers