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 ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Bankers Designate India's MRO Sector 'Infrastructure' To Ease Borrowing".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.