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Home arrow News arrow Aerospace arrow Axis Aerospace and Premium AEROTEC GmbH ink agreement for Engg Services
Axis Aerospace and Premium AEROTEC GmbH ink agreement for Engg Services Print E-mail
Written by Subash   
Friday, 11 February 2011
Hyderabad: Axis Aerospace & Technologies (AAT) - CADES has signed a Strategic Cooperation Agreement with Premium AEROTEC GmbH (PAG) in the field of Engineering Services. CADES, an Axis Group company, will be setting up a Dedicated Development Center for the design of aerostructures for Premium AEROTEC in India.

This Dedicated Development Center will initially focus on supporting PAG- engineering activities in current aircraft development programs. Both companies intend to expand this Dedicated Development Center in the short term to provide support for all their major programs.

"We are extremly happy to partner with Premium AEROTEC GmbH (PAG) in setting up the Dedicated Development Center for the design of aerostructures. PAG is one of the world leaders in the aerostructures business and always at the fore-front of technologies and best processes. This relationship will bring value not only to CADES and AAT but also to the entire Indian aerospace engineering community," said Ravi Narayanan, Chairman of Axis Aerospace & Technologies Pvt. Ltd. (AAT).

Axis Aerospace & Technologies Pvt. Ltd also announced the signing of a Memorandum of Understanding (MoU) with Thales for the creation of a Joint Venture (JV), to establish a world class flight training centre at Devanhalli Aerospace Park, adjacent to the new Bangalore International Airport.

The JV, the first of its kind in India, will initially have three Full Flight Simulators. The simulators will be housed in a modern, purpose built facility large enough to accommodate additional simulators to meet future market requirements. The JV will have AAT as a majority shareholder and the JV plans an initial investment of about USD 50Mn for the project.

Thales will supply the simulator equipment and provide management expertise in establishing and maintaining the centre. AAT will operate the centre locally. The initial simulators will have the capacity to train around 2,000 pilots a year.

"This JV with Thales, once formed will have the state of the art flight training facility in India. The facility and the simulators will be used by the pilots flying civil aircraft (Airbus & ATR) to undergo the mandatory training requirements specified by the DGCA. The flight training & simulator facility in India will help domestic airlines realize significant cost savings and better manage the scarce pilot resources which the aviation industry is presently facing due to growth in the aviation sector," said Sudhakar Gande, Vice Chairman, Axis Aerospace & Technologies. He said that this will be another milestone for AAT as one of the premier Aerospace Companies in India. He also added that AAT had a number of options including Hyderabad, Delhi, etc to house the JV. However Bangalore was chosen owing to active support of the Karnataka Government.

"India is key market for us and we are excited to forge a strategic partnership with AAT who are very focused and passionate about the aerospace and defence simulation markets and will be working closely on various business initiatives together, including as an offset partner for our key Defence programme in India," said Francois Dupont - Managing Director Thales, India

Thales India employs 300 staff based at 8 locations. In 2009 Thales India's revenues were around 30 M€.

AAT interests in Aerospace Life Cycle Support includes Devanhalli Aerospace Cluster, interest in setting up MRO, Hassan Airport - India's first 100% private airport, which would be a M2C2 -, Maintenance, Modification, Conversion and Competency. AAT is also the principal Indian offset partner for various offset programs for global OEM's including Thales in discharging Mirage 2000 Upgrade Program Offsets.

 
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