Rs 500 Mn Plan Makes Kochi a Key Aircraft MRO Hub

08 Jul 2025 CW Team

Cochin International Aviation Services Ltd (CIASL) has launched a Rs 0.5 billion scheme to turn Kochi into a national centre for aircraft maintenance. Chairman S Suhas broke ground for the company’s third maintenance, repair and overhaul (MRO) hangar and Kerala’s first covered aircraft parking apron at Cochin International Airport.

The 53,800 sq ft hangar—due for completion in eight months—will handle two narrow body jetliners simultaneously, plus business jets, helicopters and seaplanes. It adjoins the forthcoming CIASL Business Park and includes 7,000 sq ft of offices, component repair bays and non destructive testing labs.

A 350,000 sq ft enclosed apron alongside will shelter up to 13 narrow body aircraft, protecting high value assets from monsoon rains, heat and coastal corrosion while offering greater privacy for corporate operators.

Direct runway access will let aircraft taxi straight from the strip to the MRO complex, cutting ground handling time and costs—an edge unmatched elsewhere in Kerala.

Developed under the Union government’s MRO policy and Make in India drive, the project aims to create skilled jobs, retain maintenance spending within India and earn foreign exchange by attracting overseas carriers. CIASL plans to run the facility as part of a wider, self sustaining aviation ecosystem in the state.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..