AIESL divestment to augur well for civil aviation industry: Govt official
The disinvestment of Air India Engineering Services Ltd (AIESL), which is hopefully expected to go through in the next couple of months, will augur well for the country’s civil aviation industry, a top government official said on Tuesday.
Civil Aviation Secretary Rajiv Bansal also said the company has a healthy “topline and bottomline”.
Air India along with Air India Express was acquired by Tata Group in January last year through a disinvestment process.
AIESL, a major player in the maintenance, repair and overhaul (MRO) segment, is among the four subsidiaries of erstwhile government-owned Air India and is now under Air India Assets Holding Ltd (AIAHL).
