Report by : Gan Yung Chyan, KUCINTA SETIA
According to Indian media reports, the Indian government plans to sell Air India's continuously profitable ground handling subsidiary Air India Airport Services and Air India Express.
According to sources, the Indian Ministry of Finance will soon release a preliminary document to interested bidders.
Since 2014, Air India Airport Services has been profitable. The company provides ground services at 81 airports in India. Air India Express operates profitable flights with India and to the Middle East, Singapore and Kuala Lumpur.
In addition, Air India Engineering Services Ltd will also be sold.
The source said that the Indian government will sell these profitable subsidiaries because despite its efforts, the debt-ridden Air India is still unattended.
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