Indian in joint venture with Snecma

The state-owned Indian Airlines on Friday inked an agreement to set up a $30 million aircraft engine maintenance, repair and overhaul (MRO) JV with Snecma. Snecma will hold the majority 51% stake in the joint venture, which will be based in Delhi, while Indian Airlines and Air India will together hold the remaining 49% stake. "The venture will set up an MRO facility for repairing and overhauling CFM engines, which will be powering all the 43 aircraft that Indian Airlines in buying from Airbus. In addition, this venture will also undertake the repair work of CFM engines that will power Air India planes," Indian Airlines chairman and MD Vishwapati Trivedi said.

The venture is expected to be in place within the next two years and will initially use IA's existing jetshop in Delhi. "This jetshop will not be phased out once the new venture is in place. Instead, the new venture will use the test facility of this jetshop," he said. The airline is also exploring the opportunity of seeking maintenance jobs from private airlines with this venture. "We have on Friday signed an MoU for setting up the venture. IA, along with AI and Snecma, will now undertake a detailed study and explore various opportunities with the JV," Trivedi said.

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