Air India & MADC sign Land Lease Agreement for Aircraft maintenance base at Nagpur

June 09, 2010

Air India and Maharashtra Airport Development Company Ltd. (MADC), on 8th June 2010, has signed a Land Lease Agreement for 50 acres of land in the SEZ area near Nagpur Airport. This is an important step in setting up an aircraft maintenance base at Nagpur in which investments to the tune of Rs.500 crores will be made in the next three years. Boeing Company will facilitate the construction and equipping the facility. This state of the art technology facility would be used for major maintenance of the Boeing 777 & 787 fleet by NACIL as well as service third party operations.

Mr.K.M.Unni, SBU Head and Board Member of Air India and Dr.R.C.Sinha, Vice Chairman and Managing Director of MADC have signed the lease agreement. Dr.Sinha expressed his happiness in welcoming the Air India project to Nagpur and extended all the co-operation. Mr.Unni said this project is an important move in realizing the potential of MRO business in India and meeting the future requirement. Mr.Suvendoo Ray of Boeing was also present for the signing ceremony.