| Representing the success story of Indian aviation, the country is poised to become the fastest growing market in the world for
aircraft maintenance, repair and overhaul (MRO) services over the next
decade. The MRO spend by airlines in India is US$ 500 million and is
expected to grow to US$ 1.5 billion by 2020. |
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Interestingly, Indira Gandhi International (IGI) Airport in Delhi has been ranked the
14th best airport in the world in the Airports Council International's
airport service quality survey for 2010.
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India's growing aviation market and huge aircraft orders is lucidly highlighted by the numerous foreign players foraying into India and setting up their facility in india by way of joint ventures etc.
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| Top References: |
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IGI rated 14th best globally
Times of India: Feb 16, 2011 |
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| Delhi's Indira Gandhi International (IGI) Airport has been ranked the 14th best airport in the world in the Airports Council International's airport service quality survey for 2010... |
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India's MRO industry to be worth $1.5 billion by 2020
The Economic Times: Jan 27, 2011 |
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| India is poised to become the fastest growing market in the world for aircraft maintenance, repair and overhaul (MRO) services over the next decade. The MRO spend by airlines in India is US$ 500 million and is expected to grow to US$ 1.5 billion by 2020... |
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'India is the fastest growing aviation market'
Times of India: Jan 13, 2011 |
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| There is a huge potential for the Indian market, according to Kiran Rao, EVP (marketing and sales) and President, Airbus India. The country is the fastest-growing aviation market in the world and requires 1,000 new planes over the next two decades... |
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AI to have 27 Boeing Dreamliners by 2014
Business Standard: Jan 18, 2011 |
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| Air India is expected to get its first Boeing 787 Dreamliner by September and have all 27 aircraft join its fleet by 2014... |
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Airlines to hire 5,000 as aviation boom returns
The Economic Times: Jan 17, 2011 |
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| Indian carriers will hire at least 5,000 professionals across categories this year—pilots, cabin crew and airport ground staff—buoyed by the recent boom in the aviation sector... |
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GE Aviation, Air India sign 20-year MRO pact
Business Standard: Feb 4, 2011 |
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| GE Aviation has signed a 20 year engine maintenance agreement with Air India Ltd. The agreement covers the maintenance, repair and overhaul (MRO) of GE90 aircraft engines... |
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Tata enters JV with Lockheed Martin for aerostructures
LiveMint: Feb 14, 2011 |
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| Lockheed Martin Corp and Tata Advanced Systems, a wholly owned subsidiary of Tata Sons Ltd, has announced the formation of a new joint venture (JV) company - Tata Lockheed Martin Aerostructures, for manufacturing aerostructures for the C-130 aircraft produced by Lockheed Martin... |
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Thales, Axis Aerospace form JV
The Economic Times: Feb 11, 2011 |
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| Thales, Europe's biggest maker of defence electronics, is floating a joint venture (JV) with Axis Aerospace & Technologies Pvt Ltd (AAT), an Indian engineering services company, to set up a state-of the art flight training centre in Bengaluru at an initial investment of US$ 50 million... |
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Air France-KLM buys 26% stake in Mumbai company
The Economic Times: 27 Jan, 2011 |
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| Air France- KLM has recently picked up a 26 per cent stake in a Mumbai-based firm, Max Aerospace and plans to launch a maintenance, repair and overhaul (MRO) facility soon, for aircraft components in India... |
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HAL, GE Aviation ink pact
Business Standard: Feb 10, 2011 |
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| GE Aviation and Hindustan Aeronautics Ltd (HAL) have signed a 30 year contract that covers license to carry out repairs and overhaul of various avionics, instruments and hydraulic products for the Hawk Mk132 aircraft... |
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Russian Helicopters to open service centre in India
The Hindu Business Line: Feb 10, 2011 |
| The Russian Helicopters, JS and Vectra Group have formed a joint venture (JV) company Integrated Helicopter Services Pvt Ltd (his Pvt Ltd), to start a maintenance, repair and overhaul (MRO) facility in the outskirts of Delhi. The service centre will offer services for Russian-made civil helicopters operated in India... |
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IBS implements iCargo for South African Airways
Business Standard: Feb 22, 2010 |
| Thiruvananthapuram-based IBS Software Services has implemented its next generation, air cargo management solution suit—iCargo—in South African Airways (SAA), the flagship carrier of the Republic of South Africa and the region's largest airline... |