AI to form JV for ground handling services

New Delhi: National carrier Air India will tie up with global companies to form a joint venture for taking up ground handling activities at airports in the country and abroad.
The airline, which already has a JV with Singapore Air Terminal Services (SATS) to provide ground handling services at Bangalore and Hyderabad airports, would soon seek Expressions of Interest for similar activities in India and abroad, airline sources said here.
Air India earns over Rs 550 crore annually through such activities. Along with Indian, which is being merged into it, the two airlines carry out over 80 per cent of these activities in Indian airports.
The state-owned carrier's move to go in for joint venture on ground handling comes in the backdrop of the government's decision to have only three agencies to perform the task in all airports across the country from January 2009.
27/07/07 PTI/Economic Times

To Read the News in full at Source, Click the Headline

Categories: Air India Jul 2007, Airports Jul 2007, New Jul 2007