Air India's over 6,200 flights slots may draw bidders attention
New Delhi: Disinvestment-bound Air India has more than 6,200 slots for domestic and international flights, which could be among the key attractions for potential bidders, according to an official document. Besides, Air India Express has around 555 slots at different local and overseas airports.
Moving ahead with the strategic disinvestment of Air India, the Civil Aviation Ministry has unveiled the broad contours for the process, including that the government would sell 76 per cent stake as well as transfer management control.
The low cost international arm Air India Express would be put up for sale apart from the national carrier's stake in AISATS, an equal joint venture with Singapore-based SATS.
Attractive slots at capacity-constrained airports and opportunities to increase international market share are among the highlights of Air India and Air India Express, as per the preliminary memorandum issued for the proposed divestment.
In the voluminous preliminary information memorandum, the ministry has cited various 'key investment highlights' for the two carriers, including about slots.