'Aequs Engagement With Airbus To Exceed $50 Million'
Indian aerospace industry growth indicates that the country is rapidly building capabilities to emerge as a preferred destination to support the global aerospace supply chain, says Aravind Melligeri, chairman and CEO of Aequs.
In September 2015, Aequs set up a 250-acre dedicated facility to manufacture aerospace machined components for Airbus at its Special Economic Zone (SEZ) in Karnataka. It can house up to 150 CNC machines and generate in excess of $75 million revenue annually. Aravind Melligeri, chairman and CEO of Aequs, talked to BW Businessworld about the new engine option programme of Airbus and Indian aerospace and defense sector.
What is Aequs-Airbus A320neo titanium (new engine option) programme?
Since 2009, Aequs has been supplying parts directly to Airbus. However, this recent order is the first large order for titanium parts to be placed with an Indian supplier. The contract calls for Aequs to deliver over 100,000 titanium machined parts on an annual basis for the A320neo (new engine option) programme. These detailed machined parts will be delivered to Airbus' plant in Toulouse, France, where they will be assembled into the pylon structure, which mount engines on the aircraft wing.