Epsilon Aerospace and 4Repair Boost India's Aerospace with MRO Services
Epsilon Aerospace Pvt. Ltd., a prominent entity in the aircraft cabin interior and refurbishment sector, has announced a strategic partnership with 4Repair, a leading European Aviation Safety Agency (EASA) Part 145 certified organization. This collaboration underscores Epsilon Aerospace's dedication to enhancing maintenance, repair, and operations (MRO) services within India's aerospace infrastructure. By integrating advanced capabilities and nurturing local expertise, the partnership aims to establish a state-of-the-art facility for the maintenance and repair of aircraft composite parts in India, as formalized through a recently signed MoU between the two companies.
The facility is designed to support aircraft operators by offering local repair services for complex composite and structural parts, including control surfaces, flaps, and radomes. This initiative aligns with India's Atmanirbhar Bharat vision, aiming to enhance indigenous capabilities and reduce reliance on overseas maintenance services.
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 aircraft 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, driven by growth in fleet size, is projected to expand at a CAGR of 5%, reaching USD 126.6 billion by 2032, according to a recent KPMG report. In contrast, the Indian MRO industry, currently in its early stages, had an estimated market size of USD 1.2 billion in 2022, representing 1 to 1.2% of the global market. However, India has significant potential to harness domestic aircraft fleet growth and its engineering capabilities to emerge as a market leader in the MRO industry, aiming to meet 90% of local demand by 2047.
This collaboration demonstrates the commitment of both companies to achieving operational excellence in India's MRO sector. It aims to create job opportunities, enhance skill development, and contribute to economic growth and sustainability goals. The state-of-the-art facility will efficiently meet the increasing demand for maintenance services in India, ensuring that regional airlines benefit from timely and high-quality repairs of critical aircraft components.
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 & 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".
