Snecma (Safran) And Max Aerospace Sign Landmark Joint
Venture Agreement To Develop In-Country Engine Support And Repair Facilities
Bangalore: Snecma (Safran), the
global leader in manufacturing aircraft engines and Max Aerospace, India's
leading Maintenance, Repair and Overhaul (MRO) firm, have recently announced
the formation of a joint venture – Maxaero Aircraft Engines Private Limited
(MAEPL), to establish in-country support and repair facilities for aircraft
engines. This is the first private sector aircraft engine capability
established in India in the wake of the 'Make in India' policy of the Indian
Government.
MAEPL shall commence
operations during second quarter of 2015 by initially supporting M53 engine
fitted on the Mirage 2000 (Vajra) aircraft, which is operated by the Indian Air
Force (IAF).
The company’s new
engine repair facility in India is expected to come into operations by end of
2016.
This JV will also
address the requirements of the civil aviation sector for supporting
the CFM56 engine (developed and produced by CFM International, a
50-50 joint company between Snecma and GE). With over 400 CFM56
engines already in India there is an acute need to provide in-country support
services for these engines. Furthermore, the number of engines is expected to
double, in line with the anticipated growth of Indian aviation in the coming decade.
Initially, MAEPL will
provide proximity support to the operators of the CFM56 engines.
MAEPL Chairman Mr.
Bharat Malkani says, "This is a great day for Indian aviation and we see this
partnership as further vindication of our faith in the emerging opportunities
and future growth of the Indian aviation sector. We are confident that this JV
will bring support and repair capabilities for complex aircraft engine
technologies to our doorstep."
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