13 May 2012

Restructuring of Two Carrier Divisions in Air India

Shri Ajit Singh, the Minister of Civil Aviation informed Rajya Sabha today in a written reply that the Maintenance, Repair, Overhaul (MRO) and Ground Handling (GH) business are proposed to be hived off to Air India Engineering Services Limited (AIESL) and Air India Air Transport Services Limited (AIATSL) respectively. 

The Minister further informed that the subsidiary companies, when operationalised would be able to undertake activities/business from other airlines, including foreign airlines. Although the GoM has recommended hiving off MRO and GH businesses to AIESL and AIATSL as part of Air India’s Financial Restructuring Plan (FRP)/Turn Around Plan (TAP), their operationalisation requires the approval of the Cabinet. 

You May Also Like


Popular Posts