Govt prepares to divest Air India’s ground handling ops
The government is preparing to separately sell Air India Ltd’s profitable ground-handling unit with the privatization of the national carrier making progress.
The finance ministry may soon issue a preliminary document for interested bidders for Air India Airport Services Ltd (AI APS), a senior official in the ministry said on condition of anonymity.
“We are waiting for Air India’s strategic sale to proceed and then we will separately come out with expression of interest (EoI) for Air India’s ground-handling subsidiary,” the official said. “There are other subsidiaries like Air India Engineering Services Ltd that will also be put on sale, but we have yet to decide on their timing.”
