Mro Sector
India's defence MRO sector set to take off over the next five years
Global OEMs like Boeing, Lockheed Martin partnering with domestic players for world-class facilities
 "India's defence MRO sector set to take off over the next five years")
From Dassault to Boeing: India's military aircraft MRO dreams take flight
Local partners like the Tata Group and AIESL are also involved in setting up these domestic MRO projects, while changes in taxation policy are expected to give the ecosystem a fillip
 "From Dassault to Boeing: India's military aircraft MRO dreams take flight")
Union Budget 2024: Companies get limited relief to push MRO services
Indian carriers allocate approximately 12-15 per cent of their total revenues to MRO services, positioning it as the second-largest expenditure following fuel costs
 "Union Budget 2024: Companies get limited relief to push MRO services")
Air India, BIAL sign MoU to develop Bengaluru as premier aviation hub
The partnership is aimed at expanding air connectivity as well as building maintenance, repair and overhaul (MRO) facilities at the Bengaluru airport
 "Air India, BIAL sign MoU to develop Bengaluru as premier aviation hub")
Engine MRO in India could have saved Go First, says govt official
Go First suspended its flights and filed an insolvency application, squarely blaming engine manufacturer Pratt & Whitney (PW) for its cash crunch
 "Engine MRO in India could have saved Go First, says govt official")
90% of our MRO expenses directed to foreign firms: IndiGo to MoCA
Reach out to aircraft equipment makers to set up MROs in India: IndiGo to govt
 "90% of our MRO expenses directed to foreign firms: IndiGo to MoCA")
'Inability to build commercial aircraft one of India's biggest failings'
Civil Aviation Secretary Rajiv Bansal called India's inability to manufacture commercial aircraft a "huge pain point"
 "'Inability to build commercial aircraft one of India's biggest failings'")
HCLTech signs multi-year contract with Swiss MRO firm SR Technics
HCLTech's role is to digitally transform the Swiss company's business, will implement a new greenfield SAP S/4HANA environment hosted on Microsoft Azure using RISE with SAP
 "HCLTech signs multi-year contract with Swiss MRO firm SR Technics")
Adani Group buys Air Works, forays into aircraft maintenance business
The MRO firm, which has six investors, received its first external funding from GTI Group and Punj Lloyd in 2007
 "Adani Group buys Air Works, forays into aircraft maintenance business")
French aircraft engine maker Safran Group to set up MRO facility in India
Defence minister welcomes Safran to be a part of joint development production projects
 "French aircraft engine maker Safran Group to set up MRO facility in India")
Costs, scarce widebody flights pose risks to aircraft maintenance business
Industry delegates at the Singapore Airshow said that the outlook was improving but that labour costs were rising
 "Costs, scarce widebody flights pose risks to aircraft maintenance business")
Civil aviation min announces new MRO policy; seeks to attract investments
The new policy for Maintenance, Repair and Overhaul (MRO) services includes leasing of land through open tenders and abolishing royalty charged by the AAI
 "Civil aviation min announces new MRO policy; seeks to attract investments")
India's MRO sector remains in idling position so far; here's why
Earlier the tax that was paid on labour could not be set off against the tax that was being paid by airlines, but now the full GST can be set off
 "India's MRO sector remains in idling position so far; here's why")
