THESE 2 AirIndia Units will be Sold to Private Firms: See Details

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The latest developments suggest that the government plans to invite interested parties to provide first documents to buy the old Air India ground handling and engineering units.

Air India Disinvestment

It appears that the Center plans to finish the deinvestment in AI Airport Services (AIASL) and AI Engineering Services (AIASL) during the current fiscal year, as per people who have been informed.

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Additionally, the report states that Govt will sell off the former Air India ground handling and engineering services units by the end of fiscal year.

The process has already begun with the disinvestment department of the government, DIPAM has started conducting tours with prospective buyers to gauge the interest of prospective buyers.

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This list includes a variety of major players from the domestic market like Adani Group, Bird Group and Tata Group and foreign ground handling companies like Swissport as well as Celebi Aviation Holding.

Additionally the road shows are also being held to gather feedback from the industry.

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This is also helpful when the sales proposal is portrayed as mutually beneficial, according to sources.

A Great Asset

With regards to performance in terms of performance, the two AI Airport Services (AIASL) and AI Engineering Services (AIASL) have both been profitable.

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They are present across India as well as a skilled workforce, said the official.

According to Industry executives The government must swiftly conclude the deal since Air India, the largest client of both companies has a agreement which was that was signed by the government and Tata Sons.

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The agreement requires the company to accept the services that is provided by AIASL in addition to AIASL for three years.

AIASL is AIASL is a “great asset” as the company has experience in all industries, such as line maintenance, base maintenance or component overhaul according to another senior industry professional.

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In Air India’s deinvestment program the company’s previous subsidiaries AI Air Airport Services, Airline Allied Services or Alliance Air,

AI Engineering Services and Hotel Corporation of India along with non-core assets as well as other non-operating assets were handed over to a separate vehicle for special purposes AI Asset Holdings.

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