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Multibagger aerospace and defence company signs contract with Airbus 

Hindustan Aeronautics Limited and Airbus have signed a contract to establish a civil MRO facility for the A-320 family of aircraft in Nashik, India. This collaboration will strengthen the Make-in-India mission by achieving self-reliance in the aircraft MRO industry. Airbus will supply the A320 family tool package and offer consulting services to HAL to establish the MRO facility. The facility is expected to be operational by November 2024 and will cater to the growing demand for MRO services in India and the Asian region.