Government announces new MRO policy for civil aviation space; seeks to attract investments

To attract more investments, the civil aviation ministry on Thursday announced a new policy for Maintenance, Repair and Overhaul (MRO) services that includes leasing of land through open tenders and abolishing royalty charged by the AAI.

Besides, land allotment for entities setting up MRO facilities will be done for 30 years instead of the current short term period of 3 to 5 years.