Jet Airways (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 25, 2010, inter alia, has accorded its in-principle approval for 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 Pvt. Ltd, Hyderabad, subject to receipt of all statutory and regulatory approvals, as may be required. MAS GMR Aerospace Engineering Company Pvt. Ltd, is a 50 : 50 joint venture between Malaysian Aerospace Engineering SDN BHD, Malaysia, and GMR Hyderabad International Airport Ltd, set up to undertake airframe maintenance, repair and overhaul activities.
Source: BSECourtesy moneycontrol.com
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