Hyderabad, Mar.14 (ANI): A Malaysia Airlines' venture linked to airframe maintenance, repair and overhaul (MRO) in Hyderabad, India, is set for greater business opportunities amid its strategic location and the growing aviation sector here.
Located at the Rajiv Gandhi International Airport, MAS GMR Aero Technic Ltd (MGAT) is just two hours away from all the major Indian metros and less than four hours away from all the South Asian Association for Regional Cooperation, which is an economic and political organisation of eight countries in southern Asia.
According to The Star, the facility has the capacity to service 60-80 aircraft a year and is the first third-party aircraft MRO facility of its scale in India.
"The current India-wide fleet is estimated at 410 aircraft and this number is expected to triple in the next 10 years, making the country a huge market for MRO business," MAS Aerospace Engineering (MAE)'s chief executive officer Azhari Mohd Dahlan was quoted, as saying at the launch of MGAT here yesterday.
It is understood that Asia-Pacific, China and India already account for a combined 23 percent of total MRO expenditure, equivalent to RM 29.6 billion. (ANI)
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