MRO firm AIESL is at 2030 $ 1 billion in revenue aimed at the new roads for growth

Copyright © HT Digital Streams Limit all rights reserved. The most important customers of AIESL are Air India Group and the Defense Forces, and the company hopes to work with other Indian airlines. (Bloomberg) Summary There is a huge event in the P2F conversion segment, as both Airbus and Boeing seize with pending deliveries, according to all of the research. AIS business enterprise AI Engineering Services Ltd (AIESL), which is supported by the government, was sent $ 1 billion in revenue by 2030. To achieve this target, plans to expand its services by converting passenger-to-freight (p2f) in the latter half of FY26. The company is on track to reach the billion dollar target, as the firm has retained constant revenue over the past three years, according to Sharad Agarwal, CEO of the company. “We have consistently maintained an average revenue of £ 2,000 over the past three years. We will be able to reach the annual $ 1 billion revenue goal by 2030 as we expand our portfolio services,” Agarwal said. According to Aiesl’s research, there is a huge event in the P2F conversion segment, as both Airbus and Boeing struggle with pending deliveries. There is also an opportunity to convert 1,000 passenger aircraft to cargo aircraft. Also read: Air India, Indigo Brace for higher costs, as Pakistan Indian Airlines banned from its airspace after the Pahalgam terror attack “We look forward to the first plane entering our facility next year. So hopefully by the end of this financial year we will start with P2F. GMR Aero Technic, in partnership with Boeing, Hindustan Aeronautics Ltd (HAL), Israel Aerospace Industries (IAI), and Adani Group have purchased Air Works, the other companies that work in the P2F segment are. Aiesl’s clients’ most important customers are Air India Group and the Army, and the company hopes to work with other Indian airlines. While the company also provides for international airlines such as Kuwait Airways, other major airlines are not clients yet. According to rental agreements, broader approvals of the European Union Aviation Safety Agency (EASA) are compulsory, which AIESL and other MRO businesses in India are currently not. However, the company is getting more such approvals. “We are working on getting EASA approval for more services and will be able to bridge the gap. With more approvals, we will be able to expand base controls for more aircraft,” Agarwal said. Also read: Growing the single agenda, Air India Express against the standard LCC model AIESL currently has seven base and line maintenance facilities in seven cities: New -Delhi, Mumbai, Nashik, Nagpur, Kolkata, Hyderabad and Thiruvananthapuram. Agarwal also told Mint that all should be a good option for other Indian airlines, as all the company operations are in India. He said: “Airlines may not have to send aircraft to other countries for MRO services, as we have a high regulatory supervision since we are present in India. All our facilities can be visited by the regulator or partner airline at any time,” the CEO said. The CEO also sees a great opportunity in Engine MRO. Currently, AIESL Engine MRO offers CFM Leap 1A, CFM56 B, GE90, Genx and certain Pratt & Whitney engines. “Line maintenance and base maintenance form about 5-8% and 10-12% of volumes. The remaining 80% event is in the maintenance of engines and components, and the country must be large towards this segment,” says Agarwal. Also read: Indigo Bomb Threat: Canadian National Ghosts Travelers aboard Varanasi-Bengaluru flight, police have held the foreigner Aiesl currently Line and Basic interview for aircraft such as Airbus A319, A321, A321, Boeing 737, Max, 747, 747 and 787. Interviews. Aiesl’s Nashik facility offers painting services for Airbus and Boeing Mal Body Airplanes. Catch all the industry news, bank news and updates on live currency. Download the Mint News app to get daily market updates. More Topics #Aviation #Aviation Sector #ar in India Mint Specials