Air India to spin off ground handling
Air India is set to launch two separate subsidiaries Ã¢â‚¬” one for maintenance, repair & overhaul (MRO) and the other for ground handling services Ã¢â‚¬” later this this year, according to the National Aviation Company of India (Nacil), theparent company of Air India. Air India expects to generate Rs 10-15 billion (US$200-300 million) from the […]
February 1, 2010
Air India expects to generate Rs 10-15 billion (US$200-300 million) from the ground services business. State-owned Air India has already formalised a draft proposal and is likely to implement the plan next fiscal, once it is approved by the board and the Cabinet, told ET.
Ã¢â‚¬Å“Around 80 new small and big airports will come up in the country and the airline has to handle traffic and passengers in these new airports,Ã¢â‚¬Â Air India chairman Arvind Jadhav said in an interview with The Economic Times.
Noting it would be a Ã¢â‚¬Å“huge task to control,Ã¢â‚¬Â Jadhav said a separate subsidiarywould be able to offer better service.