Govt prepares to divest Air India’s ground handling ops
Air India had current liabilities and provisions, including short-term loans and trade payables of ₹70,686.6 crore and a net debt of ₹58,255 crore at the end of FY19.
(Bloomberg)
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The government is preparing to separately sell Air India Ltd’s profitable ground-handling unit with the privatization of the national carrier making progress.
The finance ministry may soon issue a preliminary document for interested bidders for Air India Airport Services Ltd (AI APS), a senior official in the ministry said on condition of anonymity.
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Air India ground handling, maintenance arms to be put on block
Centre has been trying tooth and nail to divest its entire stake in Air India, including the airline s 100 per cent stake in no-frill subsidiary Air India Express Ltd and 50 per cent stake in Air India SATS Airport Services
BusinessToday.In | February 24, 2021 | Updated 22:44 IST
In the backdrop of an ambitious push to its privatisation dreams, Centre is reportedly planning to hive off certain subsidiaries of Air India. The subsidiaries in question include the profitable ground handling as well as maintenance and repair arms of the national carrier, a report said. The government is finally making headway in its endeavour to sell its stake in Air India