Govt approves AI JV for ground handling at Bangalore

New Delhi: The joint venture between Air India and Singapore Air Terminal Services (SATS) to provide ground and cargo handling services at the Bangalore airport received the government's approval today.
The joint venture was among the 23 FDI proposals cleared by the government, it was officially stated.
With this, the JV, Air India SATS Airport Services Bangalore, would be able to issue shares to raise resources, sources said.
Approval to the JV was granted on the basis of the recommendations of the Foreign Investment Promotion Board a fortnight ago, they said.
29/03/10 Press Trust of India

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Categories: Airports Mar 2010, NACIL Mar 2010, New Mar 2010