AI to hive off MRO business this year

Mumbai: Air India (AI) will spin off its maintenance, repair and overhaul (MRO) division into a separate company in the current financial year, coinciding with the centenary year of civil aviation in the country.
Arvind Jadhav, chairman and managing director of the airline, said, “This is a very appropriate time (for the MRO hive-off). AI has a world-class testing laboratory, which is not marketed well. Once our MRO is hived off as a separate company, it will have the capabilities to service 300 aircraft every year.”
AI kicked off celebrations marking the centenary year of Indian civil aviation on February 18, which will go on till February 18 of 2012. It was on that day in 1911 that the first commercial plane flew in India between Allahabad and Naini. Today, India is the ninth largest civil aviation market in the world.
05/04/11 Shaheen Mansuri/Financial Express

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Categories: Air India Apr 2011, New Apr 2011