After a delay of three years, Boeing Co would handover its maintenance, repair and overhaul (MRO) facility in Nagpur to Air India in November 2014. Boeing built the facility as part of its obligations while selling 68 aircraft to India in 2005.
Built at an estimated $107 million and sprawling across 50 acres, the facility can accommodate three wide body aircraft such as Boeing B777 or Airbus A380 model at a time.
Separately, Air India will build an engine MRO unit along with engine maker General Electric Co. for $89 million, next to the airframe MRO facility built by Boeing. The airline has acquired 50 acres of land for the purpose. The company is also investing in similar facilities in Hyderabad, Kolkata, Mumbai and Delhi.
Air India will transfer all functional MRO facilities to Air India Engineering Services Ltd (AIESL), a subsidiary, which is expected to clock Rs 1,000 crore revenue in three years, with half of it coming from the parent company.
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