The privatization of Air India has proved to be a tortuous process, with few investors willing to take on a debt-laden flag carrier riddled with inefficiencies.
To sweeten the deal, India’s government has offered to assume about half of the airline’s gargantuan $8 billion debt.
This would be hived off into Air India Assets Holding along with Air India Engineering Services (AIES) and certain other non-core businesses.
This might appear to be a show of poor confidence in the marketability of the MRO arm, but, undeterred, AIESL is pressing ahead with adding new engine overhaul capabilities for the Pratt & Whitney PW1100 geared turbofan.
“The GTF engine provides us with the opportunity to showcase our capabilities and establish AIESL as one of the premier engine MROs in Asia,” said HR Jagannath, CEO of AIESL.
From its Mumbai facility, AIESL will serve Indian geared turbofan operators; indeed, it has already received its first engine.
The plan is for it to gradually ramp up its capabilities on the engine phased approach, starting with engine upgrades and module exchanges.
09/03/20 Alex Derber/Aviation Week
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To sweeten the deal, India’s government has offered to assume about half of the airline’s gargantuan $8 billion debt.
This would be hived off into Air India Assets Holding along with Air India Engineering Services (AIES) and certain other non-core businesses.
This might appear to be a show of poor confidence in the marketability of the MRO arm, but, undeterred, AIESL is pressing ahead with adding new engine overhaul capabilities for the Pratt & Whitney PW1100 geared turbofan.
“The GTF engine provides us with the opportunity to showcase our capabilities and establish AIESL as one of the premier engine MROs in Asia,” said HR Jagannath, CEO of AIESL.
From its Mumbai facility, AIESL will serve Indian geared turbofan operators; indeed, it has already received its first engine.
The plan is for it to gradually ramp up its capabilities on the engine phased approach, starting with engine upgrades and module exchanges.
09/03/20 Alex Derber/Aviation Week
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