Friday, September 08, 2017

Turkey's Celebi Keen To Buy Air India's Ground Handling Unit

Turkey's Celebi Aviation Holding has shown interest in buying state-owned Air India's ground handling operations, India's aviation secretary Rajiv Nayan Choubey said on Friday (8 September).

Celebi, which also provides ground handling services in India, has written to the ministry showing interest to bid for the Indian flag carrier's ground handing operations, Choubey told Reuters.

Prime Minister Narendra Modi's cabinet in June approved plans to privatise Air India after successive governments spent billions of dollars to keep the debt-laden carrier flying.

Celebi is the second firm to show interest in buying Air India's ground handling operations.

Celebi was not immediately available for comment.

Last month India's Bird Group, which handles ground services at seven airports in the country and operates hotels in the United Kingdom, had expressed its interest to bid for Air India Air Transport Services Ltd.

Founded in the 1930s and known to generations of Indians for its Maharajah mascot, Air India is saddled with a debt burden of $8.5 billion and a bloated cost structure. The government has injected $3.6 billion since 2012 to bail out the airline.
08/09/17 BusinessWorld

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