The government is mulling the strategic sale of debt-ridden Air India’s subsidiary, AIATSL, to raise funds and help the national carrier, according to official sources.

Sale of Air India Air Transport Service, which provides ground handling services, is being planned as part of the turnaround scheme for the national carrier, whose debt mounted to Rs 48,000 crore in March 2017. “The Expression of Interest (EoI) for bidders would be floated soon after the Group of Ministers clears the EoI,” sources told PTI.