Haveus Aerotech is scouting for a partner who can bring in an initial investment of up to $10 million to execute confirmed orders worth $54 million. The company has won orders totalling $54 million for overhauling of aircraft engines.
“The seed capital of $10 million will be invested in acquiring a running international engine MRO facility and to meet the operational cost in order to execute the orders worth $54 million to overhaul engines,” said Anshul Bhargava, Managing Director at Haveus Aerotech.
The acquisition of international MRO facility will also complement and contribute to the green field MRO facility being built by Haveus Aerotech in Dubai and vice-versa, the company said in a statement.
Haveus Aerotech has also signed a Memorandum of Understanding (MoU) with Air India to provide support to set up an engine MRO facility in the Gulf region.