Magellan Aerospace Corporation has signed an agreement with Aequs Private Limited to explore setting up an engine maintenance, repair, and overhaul (MRO) business in India. This business would be located in the Aequs Special Economic Zone in Belagavi, Karnataka.
India’s aerospace sector has grown rapidly due to government initiatives and increasing air travel. This makes the MRO sector ripe for development. Magellan and Aequs will work together to create a plan for engine MRO services for business, commercial, and military aircraft.
In 2008, Aequs and Magellan created Aerospace Processing India (API), the first Airbus and Boeing approved plant in India, handling aerospace surface treatments. This successful venture now processes over 1.5 million parts a year, showing the strong partnership between the two companies.
Aravind Melligeri, Chairman and CEO of Aequs, said, “We have had a successful relationship with Magellan for 15 years. It makes sense to explore more opportunities to serve the growing aviation industry in India. This new facility will help rebuild and test engines, easing current capacity issues.”
Phillip Underwood, President and CEO of Magellan Aerospace, added, “With India’s aerospace growth, this MRO venture will focus on infrastructure and cost advantages. Magellan is committed to helping grow India’s MRO industry and meeting customer needs with quality solutions.”
Aequs, founded in 2006, is a manufacturing company that provides solutions in the aerospace and consumer industries. It operates facilities in India, France, and the USA. Magellan Aerospace is a global company providing assemblies and systems to aircraft and engine manufacturers. It designs and manufactures components for aerospace markets and offers repair and overhaul services worldwide. Magellan is publicly traded on the Toronto Stock Exchange.
