Aviation

Air India hunts for CEOs to head its subsidiaries

By Livemint

Divestment-bound national carrier Air India Ltd is looking out for candidates to fill the chief executive’s post at its subsidiaries Air India Air Transport Services Ltd (AIASL), Air India Engineering Services Ltd (AIESL), and Alliance Air Aviation Ltd (AAAL), the airline said in a notification on Wednesday.

The last day for receipt of application is 3 May, according to a notification from the airline’s general manager (personnel).

A copy of the letter has been reviewed by Mint.

While AIASL is the ground handling subsidiary of the national carrier, AIESL is the maintenance, repair and overhaul (MRO) unit, and Alliance Air is a regional airline which serves on several routes under the regional connectivity scheme.

“Permanent serving employees of Air India Ltd and its subsidiary companies, who fulfil the notified eligibility criteria are eligible to apply,” the notification said.

The latest development comes as the government has initiated the process for inviting financial bids for the sale of Air India, which is likely to be concluded by September, according to media reports.

Mint had on 5 April reported that Tata Sons Ltd, the front-runner to buy state-run Air India Ltd, and the government are close to sealing the terms of the purchase

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