Amit Prasad says he knows why India’s busy airlines have a problem with punctuality.
The co-founder of Hyderabad Aircraft Maintenance Co. said passengers assume it’s because India’s airports are shoddy. “But 60% of flights taking off 30 minutes late do so because of a lack of workshops to fix parts and other maintenance issues,” Prasad said. He describes Hamco as India’s first independent player in MRO, or maintenance, repair and overhaul.
MRO has failed to attract the buckets of capital that are poured on the front end of the industry — the explosion of low-cost carriers is making India one of the world’s fastest-growing air-travel markets.
That may be about to change. Massive fleet expansion is creating an aircraft-services industry where none existed before. Big fleet expansions by Kingfisher and Jet Airways, together with $13.2 billion worth of recent purchases by Air India and Indian Airlines, will more than double the number of India’s aircraft to 500 by 2015.