INSUBCONTINENT EXCLUSIVE:
The firm -- AIATSL -- provides ground handling service at most of the airports in India.The Central government has decided to go in for a
strategic disinvestment of Air India's ground handling subsidiary to partially retire the national passenger carrier's accumulated
debt.Accordingly, an inter-ministerial panel, Air India Specific Alternate Mechanism, decided on Tuesday to divest the government's 100
Minister Arun Jaitley met here
It assumes significance as the amount raised from the divestment of AIATSL will be used to retire some of the accumulated debt of Air
India.A senior government official said the strategic disinvestment of ground handling subsidiary AIATSL will be done after the ground
handling unit is transferred to a SPV (special purpose vehicle).The official told reporters that the EoI (Expression of Interest) document
will then be issued.Earlier, the inter-ministerial panel had decided to revive the national passenger carrier by sale of land and other
It was operationalised in February 2013.
