New Delhi: Air India will hive off its engineering and ground handling services into two wholly-owned subsidiaries as part of its turnaround plan from January next year.
The Air India Board, at a meeting here, approved a Rs 768-crore proposal to hive off engineering and ground handling services from January next year, sources close to the development said.
Earlier, the Union Cabinet had cleared the proposal to create the two subsidiaries ¿ Air India Engineering Services Ltd (AIESL) and Air India Transport Services Ltd (AITSL).
The Air India Board had approved two years ago operationalisation of the two subsidiaries and submitted a note to the Civil Aviation Ministry to get the Cabinet nod.
11/12/12 Indian Express
To Read the News in full at Source, Click the Headline
The Air India Board, at a meeting here, approved a Rs 768-crore proposal to hive off engineering and ground handling services from January next year, sources close to the development said.
Earlier, the Union Cabinet had cleared the proposal to create the two subsidiaries ¿ Air India Engineering Services Ltd (AIESL) and Air India Transport Services Ltd (AITSL).
The Air India Board had approved two years ago operationalisation of the two subsidiaries and submitted a note to the Civil Aviation Ministry to get the Cabinet nod.
11/12/12 Indian Express
