Aequs bags A320neo titanium parts contract from Airbus
Under the contract, the titanium machined parts will be delivered to the Airbus plant in Toulouse (France) from the component maker's Belagavi facility in Karnataka.
Aequs Aerospace is a wholly-owned subsidiary of Aequs Private Limited. "This award (of contarct) represents a significant step for us as a supplier to Airbus. 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," Aequs Chairman and CEO Aravind Melligeri said in a release.
These parts, supplied from Aequs, will be assembled at the Toulouse facility onto the pylon structure, used to mount engines on the aircraft wing, it said. This contract positions Aequs for substantial growth as a significant Tier-1 supplier to Airbus, it added.
In India, budget airline IndiGo, which has placed an order with Airbus for 430 A320neo, is currently the only operator of this aircraft, which the Airbus claims is 15-20 per cent more fuel efficient than the existing version of A320.
Besides, national carrier Air India has also signed an agreement with Kuwait-based ALAFCO for leasing of 14 A320 neo aircraft while Tata-SIA joint venture carrier Vistara also plans to induct such planes in its fleet going forward.