India’s flagship carrier Air India’s maintenance, repairs and operations (MRO) arm, Air India Engineering Services (AIESL) is in talks with Vistara and SpiceJet to enter into long-term MRO contracts for maintenance of the airlines’ Boeing 737 fleet, sources said. The entity already maintains GoAir’s Airbus A320 fleet. However, company officials said they are ‘treading cautiously’ on long-term contracts ahead of disinvestment plans.
Officials of AIESL said they are unable to chalk out long-term plans for AIESL in the wake of the upcoming divestment of the airline. In a recent response in Parliament, civil aviation minister Hardeep Singh Puri said the government plans to sell 100% in Air India and is in the process of inviting expressions-of-interest.
Meanwhile, there is little clarity on the treatment of AIESL post disinvestment. Ashwani Lohani, chairman, Air India in a post on a social networking website on Saturday said the airline needs to ‘survive till it is sold’. Air India posted a net loss of around Rs. 8,556 crore in financial year 2018-19.
16/12/19 Financial Express
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Officials of AIESL said they are unable to chalk out long-term plans for AIESL in the wake of the upcoming divestment of the airline. In a recent response in Parliament, civil aviation minister Hardeep Singh Puri said the government plans to sell 100% in Air India and is in the process of inviting expressions-of-interest.
Meanwhile, there is little clarity on the treatment of AIESL post disinvestment. Ashwani Lohani, chairman, Air India in a post on a social networking website on Saturday said the airline needs to ‘survive till it is sold’. Air India posted a net loss of around Rs. 8,556 crore in financial year 2018-19.
16/12/19 Financial Express
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