Released on: June 6, 2008, 4:17 am

Press Release Author: varma

Industry: Real Estate

Press Release Summary: Lufthansa Technik, the world\'s leading provider for
maintenance, repair and overhaul (MRO) of airplanes, components and engines, has
decided to set up a new facility in India to support the growing aviation sector.


Press Release Body: Lufthansa Technik, the world\'s leading provider for maintenance,
repair and overhaul (MRO) of airplanes, components and engines, has decided to set
up a new facility in India to support the growing aviation sector.

The new facility will be located at Shamshabad, Andhra Pradesh, the site of the
upcoming Rajiv Gandhi Hyderabad International Airport.As the first international MRO
provider to set up an Indian base, Lufthansa Technik has chosen to team up with the
GMR Group, one of India\'s leading infrastructure developers and the concessionaire
of the airports at Hyderabad and Delhi.

Lufthansa Technik will be the majority stakeholder in the company holding more than
75% of its equity share capital.The facility will provide base maintenance services
(including C- and D-checks) for Airbus A320 family and Boeing 737 aircraft including
737 Classic and 737 NG (Next Generation). The facility is expected to commence
operations at the end of 2008 with two parallel lines to serve the maintenance
requirements of the rapidly growing narrowbody fleet of Indian carriers. Investment
in the two-bay hangar and its state-of-the-art workshops will exceed Rs 100 crore
(20 million USD) in the initial phase the construction of the 20,000 square meters
facility shall begin in summer 2007.

\"We see this venture as the foundation for a long lasting partnership, and the basis
for a state-of-the-art technical cooperation for the benefit of our existing and
future airline partners in India,\" said August W. Henningsen, Chairman of the
Executive Board, Lufthansa Technik AG, during a joint press conference in Hyderabad.
\"With more than 400 airplanes on order, the Indian aviation market is one of the
fastest growing in the world. The new facility will complement the existing MRO
support being provided to new as well as existing fleets in India and ensures an
optimal MRO support within the country.\"\"The setup of a MRO facility by Lufthansa
Technik is an important step to establish a full-service world-class airport to
match Hyderabad\'s status as the economic powerhouse of the region,\" said T
Srinagesh, Chief Operating Officer of GMR Hyderabad International Airport Ltd.
\"Hyderabad\'s geographic location makes it a strategic hub for domestic and
international air traffic a vantage point for the first dedicated third-party MRO
facility in India...........

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