The government has initiated the process of privatising two subsidiaries — AIASL and AIESL — of erstwhile national carrier Air India, an official said.
NEW DELHI, Sept 19:The Government has initiated the process of privatising 2 subsidiaries AIASL and AIESL of erstwhile national carrier Air India, an official said. “The Department of Investment and Public Asset Management (DIPAM) has initiated investor meetings and roadshows to gauge interest in AIASL and AIESL. We will soon invite EoIs from interested bidders,” the official said. A debt-laden Air India was sold to Tata Group in October last year for Rs 18,000 crore. The actual handover […]
The government has initiated the process of privatising 2 subsidiaries — AIASL and AIESL — of erstwhile national carrier Air India, an official said.
The government is now looking at starting the process on sale of Air India's ground handling arm, Air India Airport Services Ltd (AIASL) soon, with an inter-ministerial group likely to meet May 2 to discuss the matter.