Crossword Genius

Aircraft industry's mishandled privatisation; exotic trips excluded (8)

Ross

I believe the answer is:

aviation

I'm a little stuck... Click here to teach me more about this clue!

'aircraft' is the definition.
Although both the answer and definition are singular nouns, I can't understand how they can define each other.

I don't understand how the rest of the clue works.

Can you help me to learn more?

(Other definitions for aviation that I've seen before include "Aircraft operating business" , "The aircraft industry" , "Job; date" , "The business of flying aircraft" , "The practice or science of flying aircraft" .)

I've seen this clue in The Telegraph.
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