The ePTFE air filter membrane Manufacturers plan has been put on

A successful transaction would help the Modi govement make up partly for the poor show on disinvestment of the debt-ridden carrier.Apart from domestic airlines, some of the major foreign carriers such as Silk Air, Etihad, Qatar Airways and Air Asia are among clients of Air India Engineering Services.However, the The ePTFE air filter membrane Manufacturers plan has been put on hold with no private players placing initial bid for the offer.2 billion by 2020.Both ground-handling unit Air India Air Transport Services and aircraft maintenance wing Air India Engineering Services are wholly-owned subsidiaries of Air India. There would be plenty of ground-handling and MRO companies interested in buying the units," said Rajan Mehra, chief executive officer at ClubOne Air and former India head of Qatar Airways. That became too big for anybody’s appetite.New Delhi: Undaunted by the failure of Air India sale, the govement may put on block the airline’s ground-handling and engineering units soon. I think it is a good idea to sell the airline piecemeal.

"Previously, many companies were interested in parts of the Air India businesses but the govement insisted and proposed to sell it as one entity.48 crore in FY17.The aircraft maintenance, repair and overhaul (MRO) subsidiary Air India Engineering Services reported a total revenue of Rs 740.Following the govement decision to sell 74 per cent stake in Air India and the airline’s entire 50 per cent holding in Air India Engineering Services, travel service provider Bird Group and Celebi had earlier shown interest in ground-handling business of Air India. It clocked a revenue of Rs 624. A preliminary information memorandum (PIM) on the two subsidiaries are being prepared at full speed to invite expression of interest (EoI) from interested private parties, a top official told FC.43 crore in this fiscal. Its net loss during the period stood at Rs 505.

The company has a total staff strength of 7,242, as per the airline’s annual report. The total annual expense of domestic airlines on maintenance and engine overhaul is about Rs 5,000 crore. With expenditure surpassing the cash inflow, the firm bled profusely. The in-house teams are working on preliminary memorandum for ground-handling and engineering units," said the official.Air India Air Transport Services is a leading ground handling service provider in India and offers ground handling services at most of the airports in the country.16 crore."We have been advised to offer subsidiaries for sale.52 crore in FY17 and eaed a net profit of Rs 33.Industry experts gave thumbs-up to the new move saying there was enough investor interest for these firms. The company has 4,755 employees on its rolls at the end of March 2017. The airline drew a blank in the first round of bidding with no private party showing up on the last day of bid submission on May 31.