Air India signs lease agreement for Nagpur base
State-owned carrier Air India and Maharashtra Airport Development Company (MADC) has signed a land lease agreement for 50 acres of land in the special economic zone (SEZ) area near Nagpur airport.
This is an important step in setting up an aircraft maintenance base at Nagpur in which investments to the tune of Rs 500 crore will be made in the next three years.
This new facility, the construction and equipping of the facility which will be facilitated by Boeing would be used for maintenance of the Boeing 777 and 787 fleet by NACIL (National Aviation Company of India) as well as service third party operations.