Air India’s ground handling business up for sale next, says DIPAM secretary

NEW DELHI: What happens to the special purpose vehicle (SPV) — Air India Asset Holding Ltd (AIAHL) — created by the government to hold some of the assets and liabilities of Air India, after the latter’s privatisation?

Tuhin Kanta Pandey, secretary, Department of Investment Promotion and Asset Management (DIPAM), the government department responsible for disinvestment of public sector companies, told TNIE that disposal of assets held by AIAHL will begin now as the government has identified the bidder of Air India.