Air India Engineering in talks with OEMs to grow 3rd-party business

Air India Engineering Services (AIESL), the maintenance, repair and overhaul (MRO) arm of India’s national carrier, is working on a strategy that will help it survive and sustain after the government divests stake in the state-owned airline. The cash-strapped MRO arm, officials said, is unlikely to be sold along with the airline and needs infusion of at least Rs 1,000 crore to compete with international players, sources told FE. The company is in talks with multiple airlines and aircraft component manufactures and original equipment manufacturers (OEMs) to explore joint ventures to sustain itself.