Air India cancels divestment of its ground-handling arm
NEW DELHI: As the government proceeds towards its plan to divest stake in Air India, it has cancelled the proposed divestment of Air India Transport Services Limited (AIATSL), the profitmaking ground-handling subsidiary.
Sources in the know say that the cancellation is just a procedure to start the sale of the ground-handling subsidiary afresh. “With updated numbers, the bid document will be issued soon. This will not impact the current divestment process of Air India,” said the source, who did not want to be identified.
