New Delhi: The proposed divestment of Air India Transport Services Limited (AITSL) , the ground handling subsidiary of Air India, has been cancelled.
Sources said now new financial data is available on the basis of which fresh bids can be called. This divestment being called off will not affect the ongoing sell-off of Air India and Air India Express.
AITSL is a fully owned subsidiary of Air India Ltd, which was formed in 2013 with the aim of providing unified ground handling services (Ramp, Passenger, Baggage, Cargo Handling and Cabin Cleaning) under the brand name ‘Air India Airport Services’.
04/02/20 Ashwini Phadnis/Business Line
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Sources said now new financial data is available on the basis of which fresh bids can be called. This divestment being called off will not affect the ongoing sell-off of Air India and Air India Express.
AITSL is a fully owned subsidiary of Air India Ltd, which was formed in 2013 with the aim of providing unified ground handling services (Ramp, Passenger, Baggage, Cargo Handling and Cabin Cleaning) under the brand name ‘Air India Airport Services’.
04/02/20 Ashwini Phadnis/Business Line
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