Rossell Tea plans for aviation academies with JV partner

Kolkata: Rossell Tea, which has recently diversified into civil aviation, plans to step up activities in the sector. For starters, the company will shortly set up aviation academies along with an overseas joint venture partner. Apart from this, the company is looking at acquisitions in the aviation equipment space to expand business. Rossell Tea may also be rechristened Rossell Ltd for taking up the aviation business in a big way.
Talking to newspersons on the sidelines of the company’s AGM in Kolkata on Wednesday, chairman HM Gupta said: “The civil aviation industry in India is witnessing a boom. There is an acute shortage of manpower in this industry and most of the airlines are recruiting people from abroad. We felt that there is a huge vacuum in the aviation training sector. This compelled us to take the decision to set up aviation academies in the country. We have identified an overseas partner for this and the deal is expected to be finalised within the next one month.”
Aviation school is the latest buzzword among students, as India would require around 7,500-8,000 pilots and an equal number or more cabin crew by 2010. Heavy pay packets are awaiting pilots with a commercial pilot licence.
20/09/07 Economic Times