In the backdrop of an ambitious push to its privatisation dreams, Centre is reportedly planning to hive off certain subsidiaries of Air India. The subsidiaries in question include the profitable ground handling as well as maintenance and repair arms of the national carrier, a report said. The government is finally making headway in its endeavour to sell its stake in Air India
Central government is planning to separately sell Air India Airport Services, the ground handling operations of Air India. The Finance Ministry might float preliminary documents to invite interest bidders as Air India stake sale proceeds, the Mint quoted a ministry official as saying. Other subsidiaries including Air India Engineering Services will also be put on sale, but the timeline for this has not been decided yet, the report further said.
Formerly known as Air India Air Transport Services Limited, AI Airport Services Limited (AI APS) was operationalised with effect from February 1, 2013, as a dedicated ground handling company after Cabinet’s approval.