Lufthansa Technik to set up Hyderabad MRO facility
Released on: June 6, 2008, 4:17 am
Press Release Author: varma
Industry: Real Estate
Press Release Summary: Lufthansa Technik, the world\'s leading provider for maintenance, repair and overhaul (MRO) of airplanes, components and engines, has decided to set up a new facility in India to support the growing aviation sector.
Press Release Body: Lufthansa Technik, the world\'s leading provider for maintenance, repair and overhaul (MRO) of airplanes, components and engines, has decided to set up a new facility in India to support the growing aviation sector.
The new facility will be located at Shamshabad, Andhra Pradesh, the site of the upcoming Rajiv Gandhi Hyderabad International Airport.As the first international MRO provider to set up an Indian base, Lufthansa Technik has chosen to team up with the GMR Group, one of India\'s leading infrastructure developers and the concessionaire of the airports at Hyderabad and Delhi.
Lufthansa Technik will be the majority stakeholder in the company holding more than 75% of its equity share capital.The facility will provide base maintenance services (including C- and D-checks) for Airbus A320 family and Boeing 737 aircraft including 737 Classic and 737 NG (Next Generation). The facility is expected to commence operations at the end of 2008 with two parallel lines to serve the maintenance requirements of the rapidly growing narrowbody fleet of Indian carriers. Investment in the two-bay hangar and its state-of-the-art workshops will exceed Rs 100 crore (20 million USD) in the initial phase the construction of the 20,000 square meters facility shall begin in summer 2007.
\"We see this venture as the foundation for a long lasting partnership, and the basis for a state-of-the-art technical cooperation for the benefit of our existing and future airline partners in India,\" said August W. Henningsen, Chairman of the Executive Board, Lufthansa Technik AG, during a joint press conference in Hyderabad. \"With more than 400 airplanes on order, the Indian aviation market is one of the fastest growing in the world. The new facility will complement the existing MRO support being provided to new as well as existing fleets in India and ensures an optimal MRO support within the country.\"\"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 powerhouse of the region,\" said T Srinagesh, Chief Operating Officer of GMR Hyderabad International Airport Ltd. \"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...........
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