Indonesian budget carrier Lion Air is building a US$250 million aircraft maintenance facility on an island that is a 45-minute ferry ride from Singapore, in a plan to eventually grab some of the city-state's bustling business for repairing planes, reported Dow Jones Newswires. Singapore's Changi airport is a hub for air traffic in Southeast Asia with a host of aerospace firms setting up maintenance, repair and overhaul, or MRO, facilities in the island nation over the past few decades, attracted by the government's business-friendly policies. Lion Technic, a unit of the Lion Group, said it would build four hangars, component repair and .... Read more
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