Jupiter Aviation to set up training centres
Feb 9, 2007 - 7:24:46 PM
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EADS president and CEO Yves Guillaume said the tie-up would help Jupiter to develop an aviation lifecycle support and aviation training centre with a network of global partners associated with the European group.
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By IANS,
[RxPG] Bangalore, Feb 9 - India's Jupiter Aviation has entered into a strategic tie-up with global aerospace major EADS to set up training centres and lifecycle support facility for maintenance, repair and overhaul - of civilian aircraft here.
According a company statement Friday, Jupiter, a subsidiary of Jupiter Capital, founded by former BPL Mobile CEO Rajeev Chandrasekhar, is set to invest Rs.11 billion - in the ventures, including flying schools and airline resources training.
EADS, a 34-billion euro firm, will bring in technology, know-how and resources for training rookies as pilots, cabin crew and maintenance.
The agreement, signed on the sidelines of Aero India 2007 here, envisages roping in strategic partners to develop the ventures into an eco-system and infrastructure backbone for the growing civil aviation market in the subcontinent.
'We would like to locate the ventures primarily in Bangalore if the state government supports such investments or else we will be looking at other competing locations,' Chandrasekhar, a Rajya Sabha member from Karnataka, said in the statement.
The proposed aviation knowledge venture - VimanaVidhya will have an aerospace academy, training about 5,000 students, trainees and pilots in various categories every year.
The subsidiary is also planning to launch the country's first fractional share aviation firm, christened PrivateAir, with a fleet of business jets and corporate helicopters to provide charter and non-schedule services.
'The growth in the Indian aviation sector is creating the need for world-class providers of services to the fast-growing airlines and human resources for the booming sector. As one of the leading players in aviation and space technologies, EADS will provide world-class solutions to the domestic market,' Jupiter managing director Ravi Narayanan said.
EADS president and CEO Yves Guillaume said the tie-up would help Jupiter to develop an aviation lifecycle support and aviation training centre with a network of global partners associated with the European group.
As a venture development, management and investment firm, Jupiter Capital is focussed on building ventures and franchises, with investments in infrastructure, entertainment, technology and aviation.
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