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Air Works inks tie-up with Nepal company

The joint venture, Air Works Nepal, would aim at expanding the parent company's footprint in neighbouring countries and offer its clients best services in the region, Air Works said in a statement.

PTI|
Nov 26, 2014, 06.42 PM IST
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The joint venture, Air Works Nepal, would aim at expanding the parent company's footprint in neighbouring countries and offer its clients best services in the region, Air Works said in a statement.
The joint venture, Air Works Nepal, would aim at expanding the parent company's footprint in neighbouring countries and offer its clients best services in the region, Air Works said in a statement.
NEW DELHI: Aircraft engineering service provider Air Works today said it has entered into a joint venture with Yaksa Investment of Nepal to provide maintenance services to international and domestic airlines operating out of Tribhuvan International Airport in Kathmandu.

The joint venture, Air Works Nepal, would aim at expanding the parent company's footprint in neighbouring countries and offer its clients best services in the region, Air Works said in a statement.

As part of the tie-up, Air Works would extend its technical capabilities from India to help set up operations in Kathmandu, while Yaksa would contribute towards liaison with local regulatory authorities, sourcing of local engineering and managerial talent and business development, it said.

"This is an opportunity for us to partner with a distinguished business group to provide maintenance engineering services in Kathmandu. With the promising growth of tourism in Nepal and the existing demand-supply gap, we believe this is the right opportunity for us to set up a line maintenance station to expand our footprint in the region," Air Works India Managing Director Vivek N Gour said.

Yaksa Investment Chairman Surendra B Malla expressed confidence about the business prospects of the new venture, saying it would "provide on the spot, cost effective line maintenance services to airline operators flying to and from Kathmandu as well as airline operators within Nepal, keeping with its legacy of providing total customer safety and satisfaction for airlines".

Air Works manages over 25 aircraft for clients across the Middle East, West Africa and India through its Aircraft Management Services.

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