Air India Sell-off to Begin with Airline Arm, Other Three Units to Follow Suit

March 8, 2018
AI is to be split into four parts — AI-AI Express-AI SATS; ground handling unit; engineering units and Alliance Air — and will be offered for sale individually.

The process of Air India’s (AI) sell-off is likely to begin with the airline arm first being put on the block. AI is to be split into four parts — AI-AI Express-AI SATS; ground handling unit; engineering units and Alliance Air — and be offered for sale individually.

“The bid documents for the main airline arm will be out in a couple of weeks. The document for AI’s other arms will come subsequently. That is our plan,” said a senior official. Being the most visible and complex aspect of this sale, authorities are keen to begin the process of divesting in the airline arm so that the transaction may be completed in the remaining term of this government. AI’s debt, which could be as high as Rs 70,000 crore, will be spread over the four entities and an SPV that will remain with the government.

Read more: https://timesofindia.indiatimes.com/business/india-business/air-india-sale-off-to-begin-with-airline-arm-other-three-units-to-follow-suit/articleshow/63199280.cms