Ground Handling Business, Low Cost Subsidiary to be Included in Air India Sale
NEW DELHI: The government is said to have decided that the sale of Air India will involve its core aviation assets packaged with low-cost subsidiary Air India Express and AI-SATS, a groundhandling joint venture with Singapore Airport Terminal Services (SATS).
All non-core assets, like the Air India building in Mumbai and other offices, will not be part of the sale and become part of the special purpose vehicle (SPV), said a government official, who didn’t want to be identified.
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