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Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: Investcafe
Provider: Investcafe

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Aeroflot OAO, Rostec And SR Technics To Set Up JV For Aircraft Repair-Interfax

Friday, 1 Feb 2013 01:40am EST 

Interfax reported that the Board of Directors of Aeroflot OAO has confirmed as partners in to-be-created joint enterprises for the provision of maintenance and repair services for aircraft and their components the state corporation Rostec (formerly Russian Technologies) and SR Technics of Switzerland. At their meeting, which was held on January 31, the directors acknowledged the advisability of setting up two joint ventures, one for the maintenance and repair of airliners and the other for maintenance and repair of components. The goal of doing so is optimizing Aeroflot OAO maintenance and repair and cutting costs on the technical servicing of aircraft. In the context of the JVs' creation, the building of additional production capacity in one of Russia's regions is envisioned, as is the creation of a local stockpiling of parts that other companies would have access to. 

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