Lufthansa Technik to set up facility in India
Germany-based MRO service provider Lufthansa Technik will set up a facility in Shamsabad in Andhra Pradesh with an initial investment of Rs 100 crore to support the growing aviation sector in the country.
By PTI |
HYDERABAD: Germany-based MRO service provider Lufthansa Technik will set up a facility in India with an initial investment of Rs 100 crore to support the growing aviation sector in the country.
The new facility will be located at Shamshabad in Andhra Pradesh - site of the upcoming Rajiv Gandhi Hyderabad International Airport.
The company has decided to team up with GMR Group, the concessionaire of Hyderabad and Delhi airports.
Lufthansa Technik will own 75 per cent stakes in the joint venture, company's Executive Board Chairman August W Henningsen told a press conference here today.
The facility, to be ready by the end of 2008, will provide base maintenance services for Airbus A320 family and Boeing aircrafts - including 737 Classic and 737 NG.
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The facility will have an initial investment of Rs 100 crore in two-bay hangar and its workshops. Construction of the 20,000 sq mt facility will begin by June 2007."We see this venture as the foundation for a long lasting partnership and the basis for a technical cooperation for the benefit of our existing and future airline partners in India," Henningsen said.
"With over 400 aeroplanes on order, Indian aviation market is one of the fastest growing in the world. The new facility will complement the existing MRO support provided to new as well as existing fleets in India and ensure an optimal MRO support within the country," he added.
"The setup of a MRO facility by Lufthansa Technik is an important step to establish a full-service world-class airport to match Hyderabad's status as the economic power-house of the region," GMR Hyderabad International Airport Ltd chief operating officer T Srinagesh said.
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Hyderabad's geographic location makes it a strategic hub for domestic and international air traffic - a vantage point for the first dedicated third-party MRO facility in India, he added.He said the company will commence training to develop highly qualified technicians and aircraft engineers in cooperation with Lufthansa.
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"We are looking at total employment of over 400 highly qualified personnel once we are fully operational and plan to concentrate recruitment within Andhra Pradesh," Domnik Wiener-Silva, Designated Managing Director of the joint venture company, said.As a member of Lufthansa Technik's existing worldwide MRO network of 28 companies, the new venture will be the backbone for MRO services for short and medium-haul aircraft in India, he said.
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