The preparation process for the privatisation of India’s largest maintenance, repair, and overhaul (MRO) player Air India Engineering Services Ltd (AIESL) is at an advanced stage and the Department of Investment and Public Asset Management (DIPAM) may invite expressions of interest (EoI) from bidders “very soon”, Civil Aviation Secretary Rajiv Bansal said Tuesday.
According to Bansal, investor roadshows saw a good response and the proposal has already received the nod of a government panel. The final approval from the Alternative Mechanism for Disinvestment, a top ministerial panel, is awaited and could come in as early as a few weeks, following which the expressions of interest will be invited, he said at the CAPA India Aviation Summit.
