In order to comply with the new ground handling policy issued by the Directorate General of Civil Aviation (DGCA) and to meet the competition posed by the new ground handling agencies, Air India has entered into a Joint Venture (JV) Agreement’ with M/s. Singapore Airport Terminal Services (SATS) on 50: 50 share holding basis to provide ground handling services to Air India and its client airlines’ flights at Bangalore, Hyderabad, Delhi, Mangalore and Thiruvananthapuram. This JV will enable AI-SATS to earn more profit revenue with their international expertise and Air India will share profits with SATS on 50: 50 bases.
13/12/12 Press Information Bureau
