The Industry of Aviation in India is amongst the fastest growing globally. It has shown a growth rate of 18% per annum. The open policies of the government have led many foreign players to take interest in this sector. In fact, the private participation constitutes about 75% of this sector. India is thus fast becoming a major player in the global aviation market.   A few factors that have propelled the growth of this sector are: increased...
In an investment plan worth $100 million (approximately Rs.500 crore), the Boeing Company plans to establish an aircraft maintenance base in Maharashtra, India. The Maharashtra Airport Development Company Ltd (MADC) will lease 50 acres of land in the special economic zones (SEZ) situated near the Nagpur Airport to Air India (AI) for the establishment of the Aircraft maintenance base. Air India will subcontract Boeing for the construction of...
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