Look in file 'errno.h' or in the operating system documentation for an explanation.
Make sure AOS service account must have added into Dynamics AX databases with full permissions (at least db_owner). This AOS service account manages the files located at above mentioned path in error.
In my Case;
I had two options EITHER to add Network Service account which already has all the permissions as AX was installed from this account as mentioned above OR I have to provide full permissions to the domain user account (DOMAIN\AOSService) in destination Dynamics AX databases.