Businessworld has an article on the growth of the aircraft maintenance, repair and overhaul (MRO) business in India.
Arun Natarajan is the Founder of Venture Intelligence, which tracks private equity and venture capital in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.
There are about 300-odd third-party MRO units worldwide, of which more than 65 are located in the Asia-Pacific region. But none in India. Even the existing in-house units have a long way to go before they will meet global standards. For now, the domestic market and sheer growth prediction is in itself a sizeable market to cater to. A look at the numbers.
Assuming 1,000 aircraft in 2012 (both commercial and business), there would be a need for roughly, 50,000 weekly checks, 3,500 A level checks, and millions of night halts. Corroborates Prasad: “Given 52 weeks in a year, we expect 50,000 weekly checks. An aircraft undergoes a check after 600 flying hours. And even if an aircraft flies the minimum of 12-14 hours a day, on an average it flies nothing less than 2,500 hours annually, which implies that one aircraft will go for a check 3-4 times a year.”
Arun Natarajan is the Founder of Venture Intelligence, which tracks private equity and venture capital in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.