Canada-listed global major Magellan Aerospace on Thursday partnered Mahindra Aerospace to offer their mutual customers major structural assemblies, machined components and fabrications for the global market.
An MoU was signed between the two companies for this partnership here at the Paris international Air Show and is part of their customers' strategy to develop supply from India.
Under the terms of the agreement, Magellan and Mahindra will develop a framework to partner on jointly responding to and developing new aerostructures business opportunities.
Magellan will manufacture and supply large, complex machined components from its European and North American facilities, supported by detailed machined parts from Magellan's existing Indian joint ventures, API and Triveni.
Mahindra will lead in providing sheet metal and the fabricated detailed parts to support these assemblies.
Mahindra will also develop a major structural assembly capability at its Bangalore-based facility.
Haydn Martin, Magellan's Vice President Business Development, Europe said, "We believe this partnership capitalises on the established technical experience of Magellan, with Mahindra's emerging Indian capabilities, to deliver a unique, cost-effective solution to support our global customer base."
Stephen Roebuck, Mahindra's Director, Business Development - Aerostructures said, "This new agreement allows us to accelerate the development of a major new aerospace structures capability in India and to provide cost effective solutions to the global aerospace industry."
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