Ground Handling Business, Low Cost Subsidiary to be Included in Air India Sale

Dec. 4, 2017
The government has 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 ground handling joint venture with Singapore Airport Terminal Services.

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. 

Read more: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/air-india-express-ai-sats-to-be-part-of-air-india-sale/articleshow/61907399.cms