Friday, November 08, 2013

Air India unit in talks with Tata-SIA for maintenance deal

Mumbai: Air India Engineering Services, a unit of the national carrier, is talking to the Tata-Singapore Airlines joint venture airline to provide engineering and maintenance services for its aircraft.
"We have put across a proposal to them and they are yet to get back to us," said HR Jagannath, executive director of Air India Engineering. He added the unit has also approached AirAsia India with a proposal to maintain its planes in India.
Like Singapore Airlines, the Malaysian budget carrier too has tied up with Tata Sons to set up an airline in India. Adding third party customers will enhance revenues of Air India's engineering unit, helping in the overall turnaround of its parent Air India, which has been struggling with continuous losses since 2007.
Also, lending its services to these two airlines would bring it closer to the salt-to-software conglomerate , whose chairman emeritus Ratan Tata recently said his group will look at the national carrier if the government decides to sell stake in it.
08/11/13 Anirban Chowdhury/Economic Times
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