Air India’s ground handling subsidiary put on sale
NEW DELHI: The Central government has decided to go in for a strategic disinvestment of Air India’s ground handling subsidiary to partially retire the national passenger carrier’s accumulated debt.
Accordingly, an inter-ministerial panel, Air India Specific Alternate Mechanism, decided to divest the government’s 100 per cent stake in Air India Air Transport Services Limited (AIATSL).
The decision was taken after the panel, which is headed by Finance Minister Arun Jaitley, met here. It assumes significance as the amount raised from the divestment of AIATSL will be used to retire some of the accumulated debt of Air India. The panel had decided to revive the carrier.