After selling Air India, the government is preparing to sell its subsidiary company, Alliance Air. The government is preparing to start the sale process of Alliance Air and for this the letter of interest i.e. EOI (Expression of Interest) will be issued in the next financial year.
An official said, “We already have cabinet approval for sale of subsidiaries of Air India. We will work out the EOI for the sale of the ground handling unit in the next financial year.”
At present there are four subsidiaries of Air India….Air India Air Transport Services Ltd. (AIATSL), Airline Allied Services Ltd. (AASL) or Alliance Air, Air India Engineering Services Ltd. (AIESL) and Hotel Corporation of India Ltd. (HCI) special entity Air India Assets Holding Ltd. (AIAHL) has. The entity was formed in 2019 to hold non-core assets of debt-ridden Air India.
Sold to Tata Group Air India
It is noteworthy that the government has transferred the ownership of Air India to Tata Group last month. The official said that it is yet to be decided whether Air India Special Alternative Mechanism (AISAM) should be used for the privatization of these subsidiaries or the alternative system of disinvestment of Central PSUs should be used. Go.
Home Minister is the head of AISAM
AISAM is headed by the Home Minister. This includes the Finance Minister, the Commerce Minister and the Civil Aviation Minister. On the other hand, the Minister of Road Transport and Highways, the Minister of Finance and the Minister of Commerce and Industry are included in the alternative arrangement for disinvestment of public sector undertakings.