Air India sale to include Air India Express, AI-SATS
December 4, 2017: The government is said to have decided that the sale of Air India will involve its core aviation assets packaged with Air India Express and AI-SATS, The Economic Times has reported.
Air India’s low-cost subsidiary Air India Express and AI-SATS, a groundhandling joint venture with Singapore Airport Terminal Services, both are profit-making subsidiaries of the airline.
According to a government official, all non-core assets, like the Air India building in Mumbai and other offices, will however not be part of the sale and become part of the special purpose vehicle (SPV).
Core aviation assets include aircraft, slots at airports and flying rights to various countries.