Aug 30: With the government moving towards divestment of national flag carrier Air India, a Gurgaon based travel company has evinced keen interest in acquiring the airline major’s ground handing unit.
According to reports, travel company Bird Group would make known its interest if the government decides to sell the ground handling subsidiary separately. The Bird Group already does ground handling activities at seven airports in the country, the reports added. Bird Group provides services such as aircraft navigation, ground handling, customer management and logistics.
The Bird Group has in fact submitted an Expression of Interest (EoI) in this regard.
Meanwhile, another company, Air Works, has also evinced interest in taking over the ground handling operations of Air India. Air Works is a privately-run Maintenance Repair and Overhaul (MRO) company
Air India believes that selling off different units separately would unlock maximum value. Air India’s ground handling firm Air India Air Transport Services Limited (AIATSL) operates out of various airports across the country.
It is being reported that AIATSL is worth around Rs 2,000 crore, and selling it off separately could help Air India to snip a part of its debt, which stands at Rs 48,876 crore as at end of 2016-17 fiscal.