Air India to include AI Express and AI-SATS in disinvestment

Air India is reportedly going to involve its core aviation assets packaged with low-cost subsidiary Air India Express and AI-SATS for sale as part of its disinvestment process. Apart from that the non-core assets, which includes Air India building in Mumbai and other offices, will not be a part of the sale but part of the special purpose vehicle (SPV). Core aviation assets include aircraft, slots at airports and flying rights to various countries. Both Air India Express and AI-SATS are profit-making subsidiaries of Air India. The other Air India arms — profit-making Air India Air Transport Services and loss-making Air India Engineering Services — will be sold separately. The SPV will include Air India’s non-aircraft debt as well as non-core assets.

Source: Economic Times