Government invites global bid for Air India disinvestment

AI owns 50 per cent stake in AISATS.

Chennai: The ministry of civil aviation, government of India has invited bids for the sale of 76 per cent stake in the national carrier Air India and 100 per cent stake in low-cost international subsidiary Air India Express.

Along with Air India, bids are also being called for sale of the national carrier’s 50 per cent stake in AISATS, a ground handling subsidiary between Air India and Singapore Airport Terminal Services. AI owns 50 per cent stake in AISATS.

The government, which has issued advertisements for Expression of Interest (EOI) on Thursday, has said that the companies or consortium bidding for the national carrier will have to have a net worth of Rs 5,000 crore.

( Source : Deccan Chronicle. )
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