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Sale of 4 Air India subsidiaries soon

Sale of 4 Air India subsidiaries soon
Highlights

The government plans to soon initiate the strategic sale process for at least four subsidiaries of lossmaking Air India, including Airline Allied...

New Delhi: The government plans to soon initiate the strategic sale process for at least four subsidiaries of loss-making Air India, including Airline Allied Services Ltd (AASL) and Hotel Corporation of India (HCI), according to officials.

Besides, plans are on the anvil for selling the headquarter building of Air India in the national capital as well as various other land assets and buildings of the airline in different parts of the country.

According to them, the disinvestment process is likely to be initiated soon for four Air India subsidiaries -- AASL, HCI, Air India Air Transport Service Ltd (AIATSL) and Air India Engineering Service Ltd (AIESL).

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