MUMBAI
India’s bankers have accorded aircraft maintenance, repair and overhaul operations infrastructure status to facilitate easier borrowing from overseas, the country’s central bank says.
“On a review, it has been decided that, for the purpose of External Commercial Borrowings (ECB), Maintenance, Repair and Overhaul (MRO) will also be treated as a part of airport infrastructure,” the Reserve Bank of India (RBI) says.
As a result, the MRO business will be regarded “as part of the sub-sector of airports” in the transport sector of infrastructure, the RBI adds.
Full report here Aviation Week
