Wednesday, February 02, 2022

Air India can utilise land at Delhi & Mumbai airports for 6 months at old rates; new commercial pacts with DIAL, MIAL for beyond that

New Delhi: The Tata Group can continue to utilise land that Air India has at its two hubs — Delhi and Mumbai airports — for six months at the old agreements the government-run Maharaja had with DIAL and MIAL. Before the end of this July, the newly-privatised airline will need to enter into fresh commercial agreements with the airport operators for the land parcel they need to retain for operational reasons.

Being a government-owned for decades and the biggest airline till late 1990s, AI, erstwhile Indian Airlines and their numerous subsidiaries have significant land holding at airports across India. They have a massive presence at Delhi and Mumbai airports. The Union aviation ministry held meetings with stakeholders on the issue of land/space utilisation by AI and subsidiaries at airports.

“All the civil structures and buildings of AI (currently owned by AI) on AAI land will be transferred to AI Assets Holding Ltd (AIAHL)…. For the subsidiaries AIESL, AIASL and Alliance Air, the existing terms and conditions shall apply as long as they remain public sector undertakings. In case of their disinvestment the same terms and conditions to be extended for six months from the closing date for continuity of business, as done in the case of Air India. Agreements to be signed by the subsidiaries directly with AAI, with an additional annexure to specify the civil structures owned by AIAHL. A tripartite agreement to be made for the same,” an office order issued by the ministry says.

02/02/22 Saurabh Sinha/Times of India 

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