Air India sale: Govt eyes at monetising Alliance Air, other AI subsidiaries

After the historic privatisation of Air India, the Union government has announced that it will begin to work on the monetisation of four of its other subsidiaries, including Alliance Air as well as non-core assets like land and buildings worth ₹14,700 crore, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Sunday, Tata Sons had on Friday won the Air India bidding at ₹18,000 crore to reclaim the debt-laden airline after nearly seven decades.

The government had been incurring an expenditure of ₹20 crore on a day to day basis to keep Air India afloat.

The Air India-Tata deal, which is expected to be completed by December-end, includes the sale of Air India Express and ground handling arm AISATS.