Max MRO Services to grow components market

Air France Industries-KLM Engineering and Maintenance which has taken a stake in Max MRO Services based out of Mumbai is building aircraft components business in India. It has plans of setting up a new facility in India soon for nose-to-tail components solutions.

Sylvain Mounissamy, AFI General Manager said that the company was here for the long haul as the Indian aviation industry was going to surge soon. Presently, the availability of components was limited and airlines had to source them from the Middle East or Singapore. Import of components is prohibitive due to customs duties which range from 16 per cent to 30 per cent. It is cheaper to source from companies located in free zones in the Middle East. The components market in India is worth 1 billion USD which is 8 per cent of the world market. He said that Max MRO would concentrate on the components business though AFI-KLM E&M is into airframe; engine and components business.