Govt starts works on sale of 4 Air India subsidiaries it retained

Ground-handling arm would be monetised first; investor roadshows for all companies organised

The government has started on selling four Air India subsidiaries that it retained after selling the airline to the Tata group in October last year.

The Department of Investment and Public Asset Management (DIPAM) has started preparing the expression of interest (EoI) and preliminary information memorandum for the sale of Air India Airport Services Ltd (AIASL) and Air India Engineering Services Ltd (AIESL). The process to sell two other subsidiaries, Alliance Air and Hotel Corporation of India Ltd (HCI), would start soon, said a government official.

The government plans to first monetise AIASL, the airline’s ground-handling arm. All the companies