TIMCO Aviation Services (TIMCO) and Hindustan Aeronautics Limited (HAL), one of Asia's largest aeronautics manufacturing and repair companies, have entered into a new joint venture agreement, focused on developing comprehensive airframe maintenance, repair and overhaul (MRO) services to commercial air transport operators in India and the neighboring region.
The partners plan state-of-the-art airframe MRO facilities at HAL's Bangalore airport and manufacturing complex. In this relationship, HAL brings its broad manufacturing support infrastructure and stature to the JV to compliment TIMCO's proven heavy maintenance experience and operational expertise. The JV's efforts will be focused on providing scheduled C-checks and heavy maintenance services for operators of narrowbody Airbus and Boeing commercial aircraft. The parties have fully ratified their JV relationship and are assessing ground breaking schedule alternatives with a focus on the shifting growth outlook for the Indian and regional fleets.
