Norms Revised to Enable AIATSL Sale

The government has revised a contentious clause in the ground-handling regulations to enable the sale of Air India’s subsidiary, Air India Air Transport Services Limited (AIATSL), allowing the new buyer to retain its businesses across 76 airports for seven years.

The attempt to privatise AIATSL, one of the few profitable entities of the national carrier, was launched in February but met with several delays after interested bidders raised queries about the tenure of assured business from Air India, grandfather rights of the ground-handling company at 76 airports it provides services to, severance package for employees and the like.

Read more: https://www.thehindu.com/business/Industry/norms-revised-to-enable-aiatsl-sale/article29478167.ece