Air Works India Engineering, which is the country’s first third-party airline maintenance, repair and overhaul (MRO) company, is looking to up its business to $45 million by 2013.
“The sector’s size is expected to touch $600 million by 2013. Out of this, 30 per cent would be accounted for by Air India’s MRO facilities themselves. This would still leave a lot of space for the other airlines’ MRO requirements,” Air Works CEO Fredrik Groth.
“We also see a market in Eastern Europe as we offer cheaper services. But, for that, we need tax relaxations, like in customs duty and sales tax on the spare parts we export so they are competitively priced,” he said. The company is also expanding the capacity of their MRO unit in Hosur near Bangalore. It is also investing $7 million in the expansion, which would be complete by September 2010.
