Home » Airbus in talks for stake in GMR´s MRO unit

Airbus in talks for stake in GMR´s MRO unit

Aviation & Airports
October 1, 2014October 1, 2014
Airbus in talks for stake in GMR´s MRO unit
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The GMR Group is in discussion with Airbus for a possible stake sale in its aircraft maintenance, repair and overhaul (MRO) unit in Hyderabad. A deal will help GMR raise cash as a part of its ´asset light´ strategy and enable Airbus to fulfill its commitment of developing an MRO in India. Airbus committed to develop an MRO as a part of Rs 8,399 crore deal to supply 43 Airbus A320 type planes.

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