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GE Aviation scouts for MRO ally in India
Bs Reporter / Mumbai January 05, 2007
GE Aviation, one of the world's leading manufacturers of jet engines for civil and military aircraft, plans strategic tieups with suppliers from India for sourcing of materials.
The firm is also looking at establishing relationships with Air-India and Indian Airlines for local engine maintenance, repair, and overhaul (MRO) facilities.
GE had early committed $20 million investment in an engine shop as part of a $8.1 billion deal by Air-India to acquire 68 airplanes from Boeing.
GE will be supplying engines to Air-India for this mega deal.
William Blair, Country Director—GE Aviation, India said, "The demand we are witnessing for GE engines is outstanding.
In India, GE Aviation is witnessing strong growth powered by a significant number of engine orders from a number of Indian carriers such as Air India, Indian, Jet Airways, SpiceJet, GO Air and Paramount Airways."
This engine major is enhancing its overall engine production by more than 60 per cent between 2007 and 2009 due to growing demand for its large commercial engines, the GE90 and GEnx, as well as continued growth of CFM56 and CF34 engines.
In February 2006, Air India had ordered GE engines valued at more than $2.2 billion at list price to power its new Boeing 777 and 787 fleets.
Delivery of GE90-115B engines for the Boeing 777-300ERs ordered by Air-India will begin by March 2007.
Air India had ordered eight Boeing 777-200LRs and 15 Boeing 777-300ERs, all powered by the GE90-115B engine.
Delivery of the GEnx engines for Air-India's fleet of Boeing 787-800 aircraft will begin by the third quarter of 2008.
Air-India had ordered 27 Boeing 787-8 aircraft, all powered by the GEnx engine.
For Jet Airways, GE has committed initial deliveries of the CF6-80E engine for the Airbus A330 fleet by March 2007.
Jet Airways had selected GE's CF6-80E1 engines to power its 10 Airbus A330-200 aircraft in February 2006. The value of the engine order is more than $300 million.
Jet Airways has also ordered 10 GE90-115B-powered Boeing 777-300ER aircraft with initial deliveries beginning April 2007.
Courtesy: business-standard.com
Paramount Airways
IATA
I7 ICAO
PMW Callsign
PARAWAY
Founded 2005
Hubs Chennai International Airport
Fleet size 3
Destinations 6
Parent company Paramount Airways
Headquarters Chennai, India
Key people
Website: http://www.paramountairways.com
Paramount Airways is a low-cost airline operating in India and has its headquarters at Chennai, in Southern India
History
The airline was launched on 19 October 2005 by the Paramount Group, a leading Indian textile manufacturer based in Madurai.
Current Destinations
Chennai, Coimbatore, Bangalore, Kochi, Madurai, Hyderabad, Thiruvanathapuram,
Paramount had suspended its operations from Delhi, and presently operates only in South India connecting Bangalore, Chennai, Kochi, Coimbatore, Hyderabad, Madurai and Thiruvanathapuram.
With the induction of its third aircraft, they will introduce first class and also increase its daily flights to 30 from the current 20, looking at Vizag and Tirupathi as destinations from Hyderabad, Chennai and Bangalore.
Fleet
As of August 2006 the Paramount Airways fleet includes:
2 Embraer 170-100LR
3 Embraer 175-200LR
The 14 July 2005, the company placed an order for 5 planes (2 Embraer 170s and 3 Embraer 175s) at the Paris Air Show, 2005. The Embraer 170s would be taken on direct lease from the manufacturer and the Embraer 175s would be leased through GE Commercial Aviation Services. The airline is looking at acquiring (to place an order) to 15 aircraft for with the Brazilian manufacturer Embraer. Ten 86-seater Embraer 175 and five 118 seater Embraer 195.
Source : http://en.wikipedia.org/wiki/Paramount_airways
Toll-Free :
1600 180 1234
Delhi Reservation :
011 51517416/17
0124 2844750 (Gurgaon)
Delhi Airport:
011 25671212
Kochi Reservation:
0484 2610404/405
Coimbatore Reservation:
0422 5394445/6/7, 5399234/5/6
Coimbatore Airport :
0422 3956833/822/855
Chennai Airport :
044 22561667/68/69/70
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