The partnership extends the three-decade long relationship and signifies growing demand within the Indian market.
Alvest Millennium Aviation Leasing IFSC Private Limited (AMAL) is a joint venture incorporated between the Alvest Group, France and Millennium Aero Dynamics, India.
The company intends to provide innovative GSE products and services to meet the operational, environmental and commercial needs of airline, ground handling and airport companies in the domestic and international markets.
Antoine Maguin, Group President and CEO, Alvest, said: “We are extremely confident and pleased with the engagement of our long lasting partner Millennium Aero Dynamics in paving the way for success with our joint initiative. AMAL will undoubtedly address the growing needs of the airlines, the ground handlers and the airports to make their operations leaner and greener.”
Milan Zatakia, Chairman and CEO, Millennium Aero Dynamics, mentioned: “We are proud to be taking forward our association with the Alvest Group to meet the growing demand in our Indian markets, in which we serve and support hundreds of customers.”
AMAL will provide environmentally-friendly aircraft ground support equipment under a fully serviced operational lease. This provides customers with an option for equipment with zero CAPEX and allows them to focus on their operations alone without worrying about downtime.
AMAL’s innovative product offering will boost skilled employment in the aviation sector.
