If supply-chain disruptions escalates in the next few months, Indian MRO companies will struggle to carry out heavy maintenance and redelivery checks for domestic airlines.
Through its engineering arm SIA Engineering Company Limited, Singapore Airlines, which holds a 25.1 percent stake in Air India, will also participate in the consortium, the report added.
A320 neo planes have been grappling with snags for nearly four years. A substantial number of such neos are operated in India by IndiGo and GoAir.
Under a non-binding Memorandum of Understanding (MoU) signed between Air India Engineering Services Limited (AIESL) and SIA Engineering Company (SIAEC) last week, the two "will collaborate to offer line maintenance and ancillary services at various airports in India as well as engineering training".
As per the TAP, Air India was to have raised Rs 5,000 crore by 2021-22 through monetising some of its properties. But with the Ministry of Urban Development putting several end-use clauses, the airline is way behind.