Mumbai: The engineering services unit of Air India has set a target of expanding sales by over four times to clock a turnover of Rs 400 crore by 2017-18, a senior airline official said.
While AI would be the anchor customer for Air India Engineering Services, the company hopes to grow revenues by offerings its maintenance, research and overhauling (MRO) services to other airline operators, both Indian and foreign.
Earlier this year, Air India hived off its MRO unit into a separate business entity, Air India Engineering Services, as part of its turnaround strategy.
The unit, which had revenues of Rs 100 crore last fiscal, will get a separate balance sheet starting next fiscal year, the official who did not want to be identified, said. Air India has placed around 7,400 of its employees under the new entity.
08/11/13 Adith Charlie/Business Line
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While AI would be the anchor customer for Air India Engineering Services, the company hopes to grow revenues by offerings its maintenance, research and overhauling (MRO) services to other airline operators, both Indian and foreign.
Earlier this year, Air India hived off its MRO unit into a separate business entity, Air India Engineering Services, as part of its turnaround strategy.
The unit, which had revenues of Rs 100 crore last fiscal, will get a separate balance sheet starting next fiscal year, the official who did not want to be identified, said. Air India has placed around 7,400 of its employees under the new entity.
08/11/13 Adith Charlie/Business Line
