GMR Infra unit in venture for aircraft maintainance

Reuters
Posted: Friday, Feb 27, 2009 at 1149 hrs IST
Updated: Friday, Feb 27, 2009 at 1149 hrs IST

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Mumbai: GMR Infrastructure said its unit GMR-Hyderabad International Airport and a wholly-owned unit of Malaysia Airlines will set up a joint venture for airframe maintenance, repair and overhaul services.

The equal-stakes venture will be based in Hyderabad, GMR Infrastructure said in a statement to the stock exchange on Friday.

GMR Infrastructure holds 63 per cent in GMR-HIAL. Malaysia Airports Holding Berhad holds 11 per cent in it while Airports Authority of India and the government of Andhra Pradesh hold 13 per cent each, it said.

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