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Air India looking to hire CEOs for its subsidiaries


Air India looking to hire CEOs for its subsidiaries
The selected candidates will be hired for a contract period of three years, extendable by two years based on performance, Air India said.
BusinessToday.In | April 14, 2021 | Updated 21:52 IST
The tenure can be extended or curtailed as per the requirement of the company, Air India said.
National carrier Air India has sought applications for the post of chief executive officer (CEO) for its subsidiaries Air India Engineering Services Ltd (AIESL), Air India Airport Services Ltd (AIASL) and Alliance Air Aviation Ltd (AAAL).
The selected candidates will be hired for a contract period of three years, extendable by two years based on performance, the divestment-bound company said in three different notifications on Wednesday. ....

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Govt prepares to divest Air India's ground handling ops


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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