GMR Mulls Maintenance Sale

GMR, the Bangalore-based infrastructure group and airport investor, is believed to be seeking an exit from its MRO joint venture at Hyderabad airport, India. MAS GMR Aero Technic is a partnership between GMR and Malaysian Aerospace Engineering that offers MRO services for ATR truboprops, 737s, A320s, A330s and 777s. The facility includes one widebody hangar, a two-bay narrowbody hangar, and a paint hangar. GMR has not commented on the reports, which also suggest that the group views the maintenance facility as non-core asset.

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