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Govt prepares to divest Air India's ground handling ops

Govt prepares to divest Air India’s ground handling ops
Air India had current liabilities and provisions, including short-term loans and trade payables of ₹70,686.6 crore and a net debt of ₹58,255 crore at the end of FY19.
(Bloomberg)
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The government is preparing to separately sell Air India Ltd’s profitable ground-handling unit with the privatization of the national carrier making progress.
The finance ministry may soon issue a preliminary document for interested bidders for Air India Airport Services Ltd (AI APS), a senior official in the ministry said on condition of anonymity.
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With Tatas in the run, will Modi government's plan to sell Air India take off this time?

With Tatas in the run, will Modi government’s plan to sell Air India take off this time?
Even as things are looking up now, experts had earlier said that the Centre’ measures to make the airline attractive to the investors were not up to the mark.
Air India had witnessed a failed divestment attempt in 2018.
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PTI
After multiple failed attempts, the Narendra Modi government is finally seeing some hope of selling the country’s debt-riddled national carrier. But there still could be many a slip between the cup and the lip.
On December 14, the government said it had received multiple interests for strategic investment into Air India. The bidders reportedly include one of India’s biggest conglomerate Tata Sons as well as a joint venture of Air India employees and United States-based investment firm Interups. ....

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