Govt begins sale process of two Air India subsidiaries : The Tribune India

Govt begins sale process of two Air India subsidiaries

Govt begins sale process of two Air India subsidiaries

The government has initiated the process of privatising two subsidiaries — AIASL and AIESL — of erstwhile national carrier Air India, an official said.

New Delhi, September 19

The government has initiated the process of privatising two subsidiaries — AIASL and AIESL — of erstwhile national carrier Air India, an official said.

“The Department of Investment and Public Asset Management (DIPAM) has initiated investor meetings and roadshows to gauge interest in AIASL and AIESL. We will soon invite EoIs from interested bidders,” the official said.

A debt-laden Air India was sold to Tata Group in October last year for Rs 18,000 crore. The actual handover to Tatas happened on January 27, 2022.

However, four Air India subsidiaries — Air India Airport Services Ltd (AIASL), Air India Engineering Services Ltd (AIESL), Alliance Air Aviation Ltd (AAAL), and Hotel Corporation of India Ltd (HCI) — and other non-core assets, painting and artefacts, besides, non-operational assets were not part of the deal. — PTI

To invite EoIs soon

  • Debt-laden Air India was sold to Tata Group in October last year for Rs 18,000 crore
  • However, four subsidiaries and other non-core assets, painting and artefacts, besides, non-operational assets were not part of the deal
  • These subsidiaries and non-core assets valued at about Rs 15,000 crore have been transferred to an SPV — Air India Assets Holding Ltd

#air india

Tribune Shorts


Top News

India abstains on anti-Russia resolution, again

India abstains on anti-Russia resolution, again

It has abstained on a resolution on Ukraine at UN at least n...

It’s Kharge versus Tharoor

It’s Kharge versus Tharoor

Karti, Soz among Kerala MP’s proposers

Punjab Govt may hike cane SAP by Rs 20-30/quintal

Punjab Govt may hike cane SAP by Rs 20-30/quintal

Crushing season to begin in Nov | Private mills oppose move,...


Cities

View All