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The company – AIATSL – provides ground handling services at most airports in India.
The central government decided to make a strategic divestment of the Air India ground handling subsidiary in order to partially shut down the national pbadenger carrier. accumulated debt.
As a result, an interdepartmental group, the Air India Specific Alternative Mechanism, decided on Tuesday to divest the 100% stake of the government in Air India Air Transport Services Limited (AIATSL).
The decision was made after the meeting of the panel of experts chaired by Finance Minister Arun Jaitley. This makes perfect sense as the proceeds from the sale of AIATSL will be used to repay a portion of Air India's accumulated debt.
A senior government official said the strategic disinvestment of the ground-handling subsidiary, AIATSL, would be done after the ground-handling unit. is transferred to an SPV (special vehicle).
The official told reporters that the document relating to the declaration of interest would then be published.
Previously, the interdepartmental group decided to revive the national pbadenger carrier. by selling land and other badets and discharging its debt on an already incorporated motor vehicle.
The company – AIATSL – provides ground handling services at most airports in India. It was put into service in February 2013.
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