New Delhi, Jul 21 (UNI) Air Works today announced its joint venture with Europe's leading aircraft refinishing company to set up India's first dedicated paint shop hangar.
Air Works plans to invest 50 million dollars for setting up the paint shop, interior completions and engine maintenance, repair and overhaul (MRO) facilities over the next three years. its CEO Fredrik Groth said in a statement.
''This joint venture between Air Works and Air Livery Plc is another step in our commitment to build a strong aviation infrastructure in India,'' he said.
The joint venture will provide dedicated aircraft painting services at Air Works' MRO facilities at Hosur Airport near Bangalore with a view to serving the entire Asia Pacific region.
It will offer paint maintenance service to commercial airlines, and VIP and business jet operators at their own facilities or a complete repaint service at Hosur.
It will be equipped with state-of-the-art paint application equipment in temperature and humidity control environment, full extraction system as well as aircraft control surfaces balancing equipment.
''We look forward to working with Air Works in order to bring quality, flexibility, and real and lasting value to India's aerospace industry,'' Air Livery Managing Director Adrian Tucker said.
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