Govt. plans to sell Air India, AI Express together

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  • Separate bidders likely for regional airline Alliance Air; process to be concluded by June 2018

The National Democratic Alliance (NDA) government is working to conclude the sale of national carrier Air India by June 2018 and is keen on selling its core airline operations, together with its low-cost international airline, Air India Express.The decision was taken by the Air India-specific Alternative Mechanism — a group of Ministers led by Finance Minister Arun Jaitley to decide on the modalities of stake sale in the national carrier.

As per the decision, the Centre will look to sell AI’s regional airline Alliance Air to a separate universe of bidders while Air India and Air India Express will likely go together.At a meeting of the ministerial group on September 21, the view was that a separate universe of bidders or prospective buyers be invited for Air India’s ground handling subsidiary — Air India Air Transport Service Limited (AIATSL) — and its maintenance, repair and overhaul (MRO) unit — Air India Engineering Services Limited (AIESL) — top government

Read more: http://www.thehindu.com/business/Industry/govt-plans-to-sell-air-india-ai-express-together/article19957932.ece?homepage=true

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