Air India and SIA Engineering explore MRO joint venture
pre-market1 source ↓written by the desknot a recommendation
Air India has signed a Memorandum of Understanding with SIA Engineering Company to explore a joint venture in the MRO business. This collaboration aims to enhance India's aviation maintenance capabilities, reducing reliance on overseas facilities. The agreement, signed on 3 July 2024, reflects Air India's strategy to strengthen local infrastructure and cater to growing market demands.
• Joint venture potential
• Leverage SIAEC's expertise
• Focus on Indian and regional markets
Not investment advice. For informational purposes only.