State-owned carrier Indian on Thursday signed an agreement with Rajeev Chandrasekhar-owned firm Jupiter Aviation and Logistics to set up a maintenance, repair and overhaul (MRO) facility at an estimated investment of Rs 300 crore. This facility -- for which aircraft maker Airbus is the advisor -- will be used for maintenance of airframes, the mechanical structure of an aircraft excluding engines.
Airbus’s parent EADS, which last month signed an MoU with Jupiter Aviation and Logistics to collaborate in aviation ventures, has authorised the Bangalore-based Jupiter to enter into the joint venture with Indian to set up an MRO. This facility is being set up under the offset agreement signed between Airbus and Indian.
The MRO facility will initially cover Airbus A 320 aircraft but later it will also cater to other Airbus family planes. The facility, to be set up in the next 24 months, would not only deal with the Airbus fleet of Indian, but would attract business from several airlines in the South Asian region using Airbus aircraft, Indian CMD V Trivedi told reporters here.
Read more at The Economic Times
Thursday, March 22, 2007
Indian inks deal with Jupiter Aviation for Airbus MRO
Tuesday, March 13, 2007
Indians can earn better than Uncle Sam
WASHINGTON: Real pay increases for workers in the United States will substantially lag those in China, India and Eastern Europe in 2007, according to new research from a global consulting firm.
US administrative, professional and senior management employees are predicted to see real increases of just 1.4 per cent as against increases approaching 8 per cent in high-growth economies, said Philadelphia-based Hay Group that conducts annual research on Most Admired Companies for Fortune magazine.
"Much like their colleagues in Europe, US employees will be seeing relatively modest increases in base salaries when compared to the emerging economies," said Iain Fitzpatrick, general manager of Hay Group's US Reward Information Services.
"Projected 2007 increases are fairly consistent with real increases seen in the US over the past several years," the Group said Monday announcing the results of its Global Pay Day Analysis based on data in 19 job families across a number of industries in 50 countries.
Read more at Economic Times