GHIAL inks pact with Turbo Jet for FTZ at Hyderabad airport

HYDERABAD: GMR Hyderabad International Airport Ltd ( GHIAL) today said it has signed its first client for India's first airport-based Free Trade Zone (FTZ) at Rajiv Gandhi International Airport (RGIA) here.

Turbo Jet Engines (Hyd) Pvt Ltd has signed an agreement with GHIAL, a release said.

Turbo Jet Engines, in technical partnership with an established foreign partner, will set up repair, testing and calibration facilities for various aircraft components such as life rafts, wheels and brakes, oxygen cylinders, fire bottles, actuators, avionics equipment etc, it said.

The operations would also encompass repair and calibration of aircraft parts wherein original equipment manufacturers (OEM)/ airlines can send equipment from any part of the world to Turbo's facility at the FTZ, the release said.

GHIAL CEO SGK Kishore said that the FTZ will also provide facilities for servicing, distribution, trading, warehousing of goods and other value additions.

This development is significant considering that it will complement air cargo growth and boost product diversification at RGIA.