The GMR Group, which operates airports at Delhi and Hyderabad, today said that it expects to service the first aircraft at its proposed Maintenance, Repair and Overhauling (MRO) facility in April next year.
Leading private carriers Jet Airways and Spicejet have already entered into agreements with GMR for maintenance of their fleet, according to GMR General Manager (Aviation and Aerospace Business) Girish Deshmukh.
"There is a cost advantage of 15 to 20 per cent when compared to other MRO facilities in the world. We are holding discussions with other airlines also," he told reporters here.
GMR Hyderabad International Airport (GHIAL) and MAS Aerospace Engineering (MAE), a fully-owned subsidiary of Malaysia Airlines, formed a 50:50 joint venture 'MAS-GMR Aerospace Engineering Company' to develop the MRO facility in the Aviation SEZ coming up in 250 Acres here.
"We are setting up the Airframe MRO facility for both narrow and wide-bodied aircraft. The unit will have the facility to serve Boeing 737 and Airbus-320 in narrow body segment and Boeing 777 and Airbus-330 in wide body segment," Deshmukh said.
The total investment is expected to be around $80 to $90 million.
The MRO facility is coming up in 25 acres. In the first phase, 18 acres would be developed including apron facility.
The MRO facility will have two hangars that can accommodate two narrow bodied and one wide-bodied aircraft each.