Akasa To Open First MRO Facility At Noida International Airport

17 Mar 2026 CW Team

The MRO facility will provide a range of aircraft maintenance activities designed to ensure operational efficiency and safety, including line and base maintenance capabilities and scheduled checks. The installation is intended to reduce reliance on overseas repair networks and to improve turnaround times for aircraft servicing. It will also support fleet reliability as Akasa expands operations.

Christoph Schnellmann, Chief Executive Officer of Noida International Airport, described the investment as a strong endorsement of the airport vision to build a world-class aviation hub for India and said the partnership will enhance the nation's MRO capabilities and create opportunities for skill development and employment in the region. Vinay Dube, Founder and Chief Executive Officer of Akasa Air, framed the move as part of a disciplined growth strategy to develop domestic MRO capacity and strengthen the airline's operational backbone. He said the investment is intended to contribute to a more self-reliant aviation ecosystem in India.

The Directorate General of Civil Aviation recently granted the aerodrome licence for Noida International Airport, clearing the way for domestic passenger and cargo flight operations to begin within the next 45 days as mandated under the airport project plan. The airport is being developed by Yamuna International Airport Private Limited, a wholly owned subsidiary of Zurich Airport International AG, under a public private partnership with the Uttar Pradesh government and the Union government. The facility includes one runway and one passenger terminal with a capacity to serve 12 million (12 mn) passengers annually, and the masterplan allows for further development to serve over 70 million (70 mn) passengers during the concession period.

Noida International Airport and Akasa Air have entered a strategic partnership to establish Akasa Air's first maintenance, repair and overhaul facility at the upcoming airport in Jewar, Uttar Pradesh. The agreement provides for Akasa Air to operate a state-of-the-art MRO facility within airport premises. The facility will be positioned to support the airline's fleet requirements and to offer services to third parties. The MRO facility will provide a range of aircraft maintenance activities designed to ensure operational efficiency and safety, including line and base maintenance capabilities and scheduled checks. The installation is intended to reduce reliance on overseas repair networks and to improve turnaround times for aircraft servicing. It will also support fleet reliability as Akasa expands operations. Christoph Schnellmann, Chief Executive Officer of Noida International Airport, described the investment as a strong endorsement of the airport vision to build a world-class aviation hub for India and said the partnership will enhance the nation's MRO capabilities and create opportunities for skill development and employment in the region. Vinay Dube, Founder and Chief Executive Officer of Akasa Air, framed the move as part of a disciplined growth strategy to develop domestic MRO capacity and strengthen the airline's operational backbone. He said the investment is intended to contribute to a more self-reliant aviation ecosystem in India. The Directorate General of Civil Aviation recently granted the aerodrome licence for Noida International Airport, clearing the way for domestic passenger and cargo flight operations to begin within the next 45 days as mandated under the airport project plan. The airport is being developed by Yamuna International Airport Private Limited, a wholly owned subsidiary of Zurich Airport International AG, under a public private partnership with the Uttar Pradesh government and the Union government. The facility includes one runway and one passenger terminal with a capacity to serve 12 million (12 mn) passengers annually, and the masterplan allows for further development to serve over 70 million (70 mn) passengers during the concession period.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..