The importance of aircraft Maintenance, Repair and Overhaul (MRO) industry can be gauged with the fact that airlines spend some 13–15 percent of their revenues towards maintenance, which makes it the second-highest cost item for airlines after fuel. India’s MRO industry is at a nascent stage with over 90% of Rs. 5000 crore MRO expenditure ..
On October 31, 2015, the NDA Government has put a Draft National Civil Aviation Policy 2015 in public domain and invited comments from all stakeholders. The policy will be revised after public comments and will come in effect possibly from April 2016. The salient points have been summarized below: Key Proposals On 5/20 rule The ..