Monday, April 09, 2018

Swiss aviation advisory firm interested in Air India

New Delhi: Global advisory firm Swiss Aviation Consulting has expressed interest in acquiring Air India, according to a senior official in the Ministry of Civil Aviation.

The European firm is an independent advisory group offering services such as aircraft asset management, aircraft sales and acquisition support, risk management, strategic and operational advisory and flight training, among others.

Founded in 2005, the Hunenberg-headquartered firm has affiliates in the UAE, Malaysia and South Africa, according to its website. An e-mail query to the firm on the disinvestment issue remained unanswered.

The company’s keenness to buy Air India was shared with the Ministry of Civil Aviation months before the Centre formally invited bidders to participate in the disinvestment process. Though a foreign private player was said to have been interested at the time, Ministry officials had remained tight-lipped about its identity.

The official, however, did not mention whether the Swiss firm had formally written to the ministry about its desire to pick up stake in the national carrier. Last month, the Ministry of Civil Aviation invited expression of interest in Air India’s disinvestment process and shared the broad contours of the stake sale. The government has offered management control and 76% share in Air India along with its low-cost subsidiary Air India Express and 50% per cent stake in AISATS, a ground-handling joint venture with Singapore Airport Terminal Services.
09/04/18 Jagriti Chandra/The Hindu