Global aviation cos India hub plans may create 600,000 jobs over 10 years

• As top aviation companies such as Boeing and Airbus intensify efforts to leverage India as their maintenance, repair and overhaul(MRO) hub, experts say it will create around 600,000 new jobsfor skilled professionals in the country over next 10 years.
• Plane servicing costs in India are $30-35 per man-hour in India, almost half of around $60 in other locations, attracting more companies to expand and establish their MRO centres in the country.
• Boeing, Airbus, Malaysian Airlines, Lufthansa Technik, SR Technics, Singapore Airlines and Timco are among companies, which have either set up an MRO of their own, or are in the process of identifying a local partner for the same.