Aircraft manufacturer Airbus has entered into an agreement with Karnataka-based Aequs Aerospace to supply over 100,000 titanium machined parts for the A320neo (new engine option) programme.
This contract positions Aequs for substantial growth as a significant Tier-1 supplier to Airbus.
These parts will be delivered to the Airbus plant in Toulouse, France, where they will be assembled onto the pylon structure, used to mount engines on the aircraft wing.
"This contract for specialized titanium components underpins our commitment to expand our aerospace supplier partnerships in consonance with 'Make in India', which is at the heart of our strategy. We are proud to have Aequs as one of Airbus’ key Indian Tier-1 suppliers," said Srinivasan Dwarakanath, president of Airbus Division in India.
Aequs has invested Rs 667 crore on its 250 acre aerospace machining facility at the Special Economic Zone in Belagavi, Karnataka. The facility was inaugurated last year by Defence Minister Manohar Parrikar and is the largest facility of its kind in India. It was purpose-built to manufacture aerospace machined components for Airbus.
"This award represents a significant step for us as a supplier to Airbus," said Aravind Melligeri, Aequs chairman and CEO.
"We have a long-standing relationship with Airbus and have produced detail machined parts for its single aisle, long range, and large aircraft since 2009, including wing leading edge subassemblies for its A380," he added.
Aequs recently commissioned Airbus facility at Belagavi SEZ employs the latest in machine technology with quality processes that meet or exceed Airbus standards.
Airbus exceeded $500 million in annual procurement from India in 2015. Overall Airbus’ procurement from India has grown 16 times in the last decade.
BW Reporters
Haider Ali Khan is an alumnus of IIMC. He holds a degree in English Journalism from the prestigious campus. His passion includes Aviation, Technology, Politics and Sports.
