Friday, October 31, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

Govt offers 100% shares of Air India’s ground handling unit

Fiinews by Fiinews
February 14, 2019
in Banking & Finance, Industry Sectors, Investment
Reading Time: 1 min read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

Restarts divestment of AI’s assets

 

Air India Plane

The government has offered to sell 100% of Air India Air Transport Services Ltd (AIATSL), Air India’s ground handling services provider  to 46 airlines.

Ninety-eight per cent of the company’s shares are being offered through strategic sale with the remaining 2% will be reserved for employees of AIATSL. The company posted a net profit of Rs.711 crore in 2017-18, higher than Rs.334 crore in the previous year.

With this offer, the government is restarting the divestment process for the ailing national carrier, having failed to attract investors last year.

A preliminary information memorandum for disinvestment of AIATSL was issued on 12 Feb 2019, reported Press Trust of India.

The government’s Air India Assets Holding Limited has given ‘in-principle’ approval for the strategic sale of AIATSL by way of transfer of management control and sale of 100% equity share capital. fiinews.com

Tags: Air India
ShareTweetShare

Related Posts

PointAI
Investment

Invest: PointAI raises Rs.47cr in Pre-Series A

by Fiinews
October 31, 2025
0
15

Noida company builds next-generation, simulation-based AI models Noida-headquartered PointAI (previously Try ND Buy), a leading deep-tech company specializing in Artificial...

SAR
Investment

Invest: SAR consolidates in telecom sector

by Fiinews
October 31, 2025
0
12

Acquisition natural progression in Sahdev’s growth journey SAR Televenture Limited has entered into a Share Purchase Agreement for acquisition of...

PIB

Invest: Maritime sector to get Rs.8trn infra funds

October 31, 2025
13
Chipsync logo

Invest: Mysuru’s ChipSync acquires Mobimark

October 29, 2025
18
Air Liquide

Invest: Air Liquide acquires NovaAir India

October 28, 2025
22
Mercedes benz

Invest: Minister holds trade talks in Berlin

October 25, 2025
15
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Technology: Impact of FinTech conferences on students and future opportunities in industry

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Invest: PointAI raises Rs.47cr in Pre-Series A
  • Tech: LTIMindtree launches BlueVerse with OGI
  • Tech: Netcore launches Marketing Stack
  • Tech: Tata-NiCE to work on AI platform
  • Export: India discusses RE supplies in Singapore

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.