Salil Gupte, president of Boeing India, discusses the country's aviation growth and the importance of ramping up MRO to support the expanding Indian fleet.
The memorandum of understanding was signed by Garuda Indonesia President and CEO Irfan Setiaputra and Capital A CEO Tony Fernandes in Jakarta, Indonesia.
Global MRO spending will rise from $112 billion in 2023 to $139 billion by 2033, growing 2.2% annually, according to a new report by Alton Aviation Consultancy.