Asia/Pacific

GMR Group in sale discussions with Airbus

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GMR Group in sale discussions with Airbus

The GMR Group is in discussion with Airbus for a potential sale of a stake in its MRO facility in Hyderabad. A deal will help GMR raise cash as a part of its "asset light" strategy and enable Airbus to fulfill its commitment of developing an MRO in India. GMR launched its MRO in 2012, as a joint ven...

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