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Jet to buy upto 26% stake in MAS GMR Aerospace

Jet Airways (India) today announced that its board has approved an investment of up to 26% (partly for cash and partly for consideration other than cash) in the share capital of MAS GMR Aerospace Engineering Company, Hyderabad, subject to receipt of all statutory and regulatory approvals, as may be required.

MAS GMR Aerospace Engineering is a 50:50 joint venture (JV) between Malaysian Aerospace Engineering, Malaysia, and GMR Hyderabad International Airport, set up to undertake airframe maintenance, repair and overhaul activities.
Source: My Iris

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