Thursday, November 03, 2016

Air India Engg Services eyes Rs 200 cr revenues next fiscal

Nagpur: Pinning hopes on getting more work orders from private airlines and increased capacity, Air India Engineering Services Ltd (AIESL) expects to rake in Rs 200 crore revenues in the next financial year.

A wholly-owned subsidiary of national carrier Air India, AIESL is working aggressively to expand its foot print in the high-growth potential Maintenance, Repair and Overhaul (MRO) segment as most of the private airlines carry out these works overseas.
"We are looking to mop up revenue to the tune of Rs 200 crore from third party business in the next fiscal," Air India Chairman and Managing Director Ashwani Lohani said here.

Currently, revenues are around Rs 130 crore and a jump would also help Air India -- which has turned operationally profitable after a decade -- improve its overall financials.
03/11/16 PTI/Business Standard