NEW DELHI: The Wadia Group, which operates low-cost GoAir, on Thursday decided to set up a joint venture firm with a Singapore Airline group company for maintenance, repair and overhaul (MRO) services in India.

Details would be worked out in the "near future" to convert the term sheet, signed today, into a definitive agreement to set up the JV, in which Wadia Group would hold 49 per cent stake and the SIA Engineering Company 51 per cent
The Singapore firm would manage the greenfield facility, the two companies said in a release.


The proposed JV company would initially offer line maintenance services at eight major airports and expand into more airports subsequently for both narrow and wide-bodied aircraft, the release said.

There were also plans to develop the JV firm into a Centre of Excellence for airframe maintenance of Airbus-320s and Boeing-737 (New Generation) and establishment of an aerospace engineering training institute.

GoAir chief Jeh Wadia, who deals with the aviation sector of the Group, said India was "perfect to be a lower cost MRO provider for both Indian and international aircraft".

Economic times

Akshay Marathe

PS: The site of economic times & HT contain separate sections on aviation. I am a regular reader of those sections.