Future air travel by people would result in more aircraft being produced, which would significantly impact the aviation maintenance, repair, and overhaul market. Over the next few years, it is anticipated that rising technical advancements and digitization in aviation maintenance, repair, and overhaul would further support the market’s expansion. The aircraft maintenance, repair, and overhaul market are anticipated to expand at a CAGR of 6.3 percent from 2022 to 2026. The aircraft maintenance, repair, and overhaul market was valued at US$71.82 billion globally in 2021 and is expected to grow to US$106.64 billion by 2026. AIESL (AI Engineering Services Limited) is one of the biggest DGCA-approved MRO set up in India that can serve as a one-stop-shop for all engineering requirements at significant airports with pan India footprint, i.e., Delhi, Mumbai, Hyderabad, Thiruvananthapuram, Kolkata, Nagpur, etc.
AIESL is the only MRO in India having presence in Engine overhaul, Landing Gear overhaul, Component overhaul including APU overhaul capabilities, Complex Structural Repairs and Modifications, Aircraft Painting, Technical Services like CAMO Services besides Airframe Services across Narrow Body and Wide body Platforms. AIESL is also the only MRO in India have Complete MRO service for Wide body Aircrafts and significant presence in sensitive Defense MRO pertaining to Transport category of Aircraft. AIESL has been working aggressively on building additional infrastructure & acquiring more capabilities to attract more 3rd party business. Our revenue has grown from approx. 600 Cr. in 2015 to 1800 Cr. in 2022. The company has been making operating & net profit in the last three years despite tough times during the Covid period”, explained Sharad Agarwal, CEO, AIESL.
Finest Range of Services for Aviation Industry
AIESL operates and maintains the fleet of Airbus, Boeing, and ATR with more than 99 percent technical dispatch dependability because of its excellent skill set, extensive professional experience, and competency. AIESL maintains a fleet of 76 Airbus 320 family aircraft (20 A319, 09 A320, 27 A320 NEO & 20 A321), 72 Boeing aircraft (24 B737, 04 B747, 17 B777, 27 B787), Dornier 228 and 18 ATR aircraft (18 ATR-72), with significant hangars and bases situated at all the major metropolises. To do so, their facilities include a hanger facility, line and base maintenance, engine overhaul, avionics accessory shops, components shops, structural repairs, cabin, seat repair facility, landing gear, engineering support service, and many other specialized services.
The business’s devoted AOG support team offers round-the-clock engineering and well-coordinated troubleshooting services. Furthermore, with more and more aircraft being inducted into the lease model, major airlines now demand global certifications like EASA and FAA, along with DGCA certification. AIESL has FAA approval in Base Maintenance for wide body aircraft at Mumbai, Nagpur and Trivandrum and EASA approval for CFM56-7B Engine Overhaul at Mumbai, Avionics shops in Delhi, besides it has been audited for GEnx Quick Turn jobs at Nagpur, by EASA. AIESL has engine test cells at Mumbai, Delhi and Nagpur. It is making all attempts to acquire additional international certification in various categories in the next two quarters.
The Maintenance Training Organization under AIESL is also a DGCA-approved organization under CAR 147.(B777- 200LR/300ER, B787-8, B737-800, A320 Family, A320neo, ATR) Recently the MTO has been approved by EASA for aircraft type courses ( B777, A320, B737) at Mumbai and Trivandrum. Further Boeing has approved AIESL at Mumbai as an FAA approved full MRO for providing services to Boeing aircraft. The MTO has developed facilities to train engineering department personnel and conducts training programs for both in-house and external candidates. Apart from training the engineering personnel of AIESL, MTO conducts training programs for Air India Limited, Air-India Express Limited, and Air India Regional, and customized aviation maintenance training for other agencies like the civil aviation department of Govt. of India, Indian Air Force, Indian Navy, vendors, other domestic airlines, AME training schools and other state and central Govt organizations. It has component maintenance capabilities for IFE system Panasonic & Thales
Future Aspects
By upholding the strictest standards of legal and safety compliance, AIESL offers customers top-notch services by maintaining TAT and of the highest quality. And in order to do this, AIESL is equipping various component overhaul shops with the most up-to-date testing tools and digitizing all MRO procedures by installing the most current ERP systems. And as a result of these outstanding services, AIESL has expanded its presence in the UAE by setting up MRO Services in Dubai, Sharjah, and Ras-Al-Khaimah. In addition, AIESL is present in Kathmandu. AIESL also intends to start providing services in other nearby nations shortly. Additionally, the MRO sector is anticipated to experience exponential growth in the upcoming years.
AIESL wants to expand its skills to meet this growing demand in brand-new industries, including aircraft painting, landing gear replacement, and jump engine replacement. In order to support the Honorable PMs’ goal for the convergence of civil and defense MRO, general aviation MRO, component MRO, and EASA base maintenance, AIESL is ramping up the aggressive marketing of its capabilities to generate more revenue streams, particularly in defense MRO.
AIESL offers customers top-notch services that are prompt & of the highest quality & safety
Sharad Agarwal CEO
Sharad Agarwal joined the erstwhile Indian Airlines as a Graduate Engineer Trainee in 1986. He was to be groomed as an Aircraft Maintenance Engineer (AME) and was trained to acquire a DGCA license for the job. Sharad was the youngest and fastest person to acquire the initial license on P&W JT 8D-9A/17/17A engines in Nov 1989, and later the B737-200 Airframe. He was also nominated for Airbus A300B2/B4 along with the GE CF6-50C/C2 course in 1993 and held the A&C license in March 1993. He then joined AIESL as a Deputy General Manager in November 2015, and in July 2019, he was promoted to General Manager and Quality Manager. He was recognized by the DGCA, EASA, and numerous other international regulatory bodies. Additionally, he has been the CEO of AIESL since May 2022.
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