Turbo Jet Engines will set up repair, testing and calibration facilities for various aircraft components at the Free Trade Zone (FTZ) at Rajiv Gandhi International Airport (RGIA) here.
The city-based company has signed an agreement with GMR Hyderabad International Airport Limited (GHIAL), the operators of the airport, for setting up the facility. Turbo Jet thus became GHIAL's first client for India's first airport-based FTZ, said a statement by GHIAL.
The company, in technical partnership with an established foreign partner, will set up repair, testing and calibration facilities for various aircraft components such as life rafts, wheels and brakes, oxygen cylinders, fire bottles, actuators, avionics equipment etc.
The operations would also encompass repair and calibration of aircraft parts wherein original equipment manufacturers or airlines can send equipment from any part of the world to Turbo's facility at the FTZ.
This facility will derive synergies from the world-class Aircraft MRO set-up located at the airport, besides supporting air cargo stakeholders such as airlines and logistics players, thus creating a multiplier effect and an integrated ecosystem.
"The Free Trade Zone at Rajiv Gandhi International Airport is envisioned to fuel the growth of a strong airport-driven economy and provide compelling value proposition to players across the industry value chain by offering modern and integrated ecosystem that will bring down transportation costs and reduce the turnaround time for movement of goods," said SGK Kishore, CEO, GHIAL.
The FTZ will also provide facilities for servicing, distribution, trading, warehousing of goods and other value additions.