Air India has sought business proposals for sale of scrapped aircraft engine parts, a move that could provide additional revenues for the disinvestment- bound national airline. The carrier plans to salvage select engine parts under a profit sharing arrangement, failing which they would be sold as scrap, as per a tender document. According to the document, the airline is seeking business models on a profit-sharing arrangement for possible salvaging of selected engine parts and generate revenue through sale and marketing of such salvaged parts. Air India group has an operating fleet of over 140 aircraft. The government has decided to go for strategic disinvestment of Air India and its five subsidiaries.

Source: Hindustan Times October 23, 2017 12:11 UTC