Centre to issue EoI for AIAPS within next 2 months
After receiving interest for Air India, Centre now plans to invite bids for the national carrier's ground handling company - Air India Airport Services - within the next 2 months.
image for illustrative purpose
New Delhi: After receiving interest for Air India, Centre now plans to invite bids for the national carrier's ground handling company - Air India Airport Services - within the next 2 months.
Accordingly, the express of interest (EoI) will be issued soon within the next two months, Civil Aviation Secretary Pradeep Singh Kharola said.
The entities has been transferred to a SPV - Air India Assets Holding - as Air India has already been put on block to be divested. Notably, the national carrier's wholly-owned subsidiary is a profitable venture.
It is engaged in ground handling services which are offered to other airlines as well. In terms of financials, AIAPS is a debt free company and has been a profitable venture since the first year of its autonomous operations in 2014-15. According to the company's annual report, its FY19 net profit had risen to Rs 63.81 crore from Rs 53.84 crore reported for FY18.
