You are here: Home » Current Affairs » News » National
Business Standard

Crown group ties up with MiG for post-warranty support to Indian Navy jets

Crown group announced that it has entered into a strategic partnership with Russian aircraft corporation MiG

Indian Navy

Press Trust of India  |  Bengaluru 

M&A, mergers & acquisitions, merger, partnerships, Joint venture, JV

Crown group, which specialises in defence aerospace maintenance, on Wednesday announced it has entered into a strategic partnership with Russian aircraft corporation MiG for providing post-warranty support to the Indian Navy's MiG-29K and MiG-29KUB fighter jets.

The Delhi-based group in a statement said that one of its companies Aviatech Enterprises Pvt Ltd (AEPL) has entered into a "framework agreement" with joint stock company MiG in this regard.

Besides defence aerospace maintenance, the group also specialises in repair and operations, and aviation engineering services.

The group has also signed a memorandum of understanding (MoU) with Russian company United Shipbuilding Corporation (USC) for maintenance and servicing of ships.

"AEPL will be the in-country authorised partner for RAC MiG for providing post-warranty product support for MiG 29K/KUB aircraft, associated systems, ground support equipment and special to type test equipment in the inventory of the Indian Navy," the statement said.

The currently has around 40 MiG-29K (single seat) and MiG-29KUB (double seat) aircraft in its fleet.

AEPL's Chief Executive Officer (CEO) Rear Admiral (retd) Srinivas Kanugo said, "The association of Indian partner, AEPL, in the follow-on support contracts addresses critical maintenance, logistic and supply chain issues on a 24X7 basis, thus enhancing the availability of aircraft and associated systems."

The framework agreement has been concluded between AEPL and MiG under an inter-governmental agreement that was signed between India and Russia in September 2019, the statement said.

On servicing of navy ships, the group said that its exclusive cooperation agreement with the USC also covers "manufacturing and supply of spares" for the .

The MoU was signed on Wednesday between USC and OSK India, a company of the Crown group.

CEO, OSK India, Commodore (retd) Rakesh Anand said, "The Indian Navy possesses a substantial fleet of Russian warships and submarines which have been acquired over the years."

"These ships and submarines require continuous maintenance support so as to be combat ready," he said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, February 03 2021. 15:07 IST