Epsilon Aerospace partners with 4Repair for MRO services in India
Epsilon Aerospace, a player in the aircraft cabin interior and refurbishment sector, has announced a strategic partnership with 4Repair, a European Aviation Safety Agency (EASA) Part 145 certified organisation, reinforcing its commitment to strengthen maintenance, repair and operation (MRO) services in India’s aerospace infrastructure ecosystem.
As part of the strategic collaboration, Epsilon Aerospace signed an MoU with 4Repair for establishing a State-of-the Art Maintenance & Repair facility for Aircraft composite parts in India.
The facility aims to provide support to aircraft operators by offering repair services locally for complex composite and structural parts, such as control surfaces, flaps, and radomes.
India has emerged as the third-largest domestic aviation market globally. The size of India’s aviation market is to grow to USD 26.08 billion by 2030, with a compound annual growth rate (CAGR) of 11.08% during the forecast period from 2024 to 2030.
India also plays an important role in the military aircraft market due to its acquisition of new aircrafts and indigenous development of military aviation technologies.
The Indian government’s allocation of resources towards enhancing aviation infrastructure and capabilities is expected to fuel the MRO sector.
The global MRO market is related to growth in fleet size and is expected to grow at a CAGR of 5% to USD 126.6 billion by 2032 as per a recent KPMG report.
While Indian MRO industry is at a nascent stage with an estimated market size of $1.2 billion as of 2022 which is 1 to 1.2% of the global MRO market. India has immense potential to capitalize on domestic growth in aircraft fleet and leverage its engineering capabilities to create and become a market leader in MRO industry by catering to 90% of local demand by 2047.
Naveen Chawla, CEO Epsilon Aerospace, said: “The collaboration will pave the way for pioneering solutions, leveraging cutting-edge technologies and global best practices to elevate India as a preferred destination for aerospace MRO services in the Asia-Pacific region.”
Stephan Verhaerdt, director and accountable manager 4Repair, said: “This collaboration not only strengthens our commitment to support India’s aerospace industry but also reinforces our dedication to driving operational excellence and customer satisfaction on global level. We look forward to leveraging our combined strengths to deliver innovative solutions and superior customer service.”
