Company to invest USD 145.840 million (Rs. 725 crores) in the project
Duke Aviation Engineering Pvt Ltd, MRO facility provider, announced the official launch of its MRO facility in MIHAN-SEZ, Nagpur.
This MRO facility will offer end-to-end services to aircraft operators. While its first facility will be functional by early 2010, the remaining facilities will be fully functional in coming 24-36 months. Duke Aviation has been allotted 36.5 acres of land for the project by Maharashtra Airport Development Company (MADC) and will invest close to USD 145.840 million (Rs 725 crores). The facility is expected to create more than 400 jobs by 2010.
In 2004 the global MRO industry stood at $37 billion and is expected to reach $41.8 billion by end of 2009. The Asian MRO industry is growing at the rate of 5.7 % and is expected to reach about $14 billion by 2013. Of total airline expenditure, aircraft operators spend almost 13% on aircraft maintenance and servicing.
Source: Text 100 Public Relations