MAS GMR Aerospace Engineering (MGAE) has closed a deal for the financing of its proposed Aircraft Maintenance, Repair and Overhaul (MRO) facility at Shamshabad airport. The Overall project costs Rs.309 Crore, which is being funded with Rs.77 crore of equity and Rs.232 crore of debt. The debt is syndicated among M/s State Bank of Hyderabad, M/s Andhra Bank and M/s State Bank of Bikaner & Jaipur. The MRO facility is designed to perform base maintenance checks with one wide body, two narrow body and one narrow body cum paint hangars. The hangars will be supported by the workshops that are

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