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. Last month, Air India CMD Rajiv Bansal said the airline plans to vacate unused hangar space at some airports and sell the scrap lying there to cut costs. 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: India Today October 23, 2017 12:18 UTC