Expression of Interest for sale of Air India's arm next fiscal
The government will start working on selling the ground-handling arm of erstwhile national carrier Air India (AI) and the Expression of Interest (EoI) is expected in the next fiscal, an official said.
image for illustrative purpose
New Delhi: The government will start working on selling the ground-handling arm of erstwhile national carrier Air India (AI) and the Expression of Interest (EoI) is expected in the next fiscal, an official said. "We already have the Cabinet approval for selling the subsidiaries of Air India. So we will come out with an EoI inviting bids for one of the ground-handling arms in the next fiscal," an official said.
Currently, four Air India subsidiaries - Air India Air Transport Services Ltd (AIATSL), Airline Allied Services Ltd (AASL) or Alliance Air, Air India Engineering Services Ltd (AIESL) and Hotel Corporation of India Ltd (HCI) are with Air India Assets Holding Ltd (AIAHL), which is a special purpose vehicle set up in 2019 for holding non-core assets and debt of Air India.
