Govt goes ahead to sell 76 percent stake in Air India; places ad today

Air India holds 50 percent stake in AISATS

The bids have finally been advertised for sale of 76 percent stake in the Air India.

The government is currently cent percent stakeholder of the low cost national carrier.

Sources also informed that bids have also been opened for sale of the national carrier’s 50% stake in AISATS, a ground handling subsidiary between Air India and Singapore Airport Terminal Services.

Air India holds 50 percent stake in AISATS.

The government has issued advertisements for Expression of Interest (EOI) today.

The qualification for bidding is that the companies or consortium bidding for the national carrier will have to have a net worth of Rs 5,000 crore.

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