Korean Air is forming a joint venture with Pratt
& Whitney to build a 120-billion Won plane-engine maintenance
center.
The center, Incheon Aviation Tech, at Incheon
Airport in Seoul, Korea, is expected to be completed in time for
the commencement of operation in July 2014.
Incheon Aviation Tech will be the first-ever
maintenance, repair and overhaul (MRO) center in Korea. With an
investment of 120 billion Won, the center is 90% owned by Korean
Air while the remaining 10% is held by Pratt & Whitney.
Incheon
Aviation Tech will be the exclusive engine maintenance service
provider for the airlines next generation airplanes such as the
recently launched
Airbus A380, and the Boeing
777s and
787s to be
delivered from 2016 onwards.
The
business scope of the center may be further expanded to include
collaboration with domestic and international airlines in the
future.
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