Singapore partner has first rights on Air India's ground-handling unit

AISATS is the most profitable unit of Air India and its profits in 2016-17 were Rs 660.3 million

Singapore Air Transport Services can exercise its right of first refusal for taking over the 50 per cent stake of Air India in its most profitable unit that provides ground-handling services at major metro airports across the country.

“Since it is a 50:50 joint venture, Singapore Air Transport Services will be asked to exercise the right of first refusal to absorb Air India’s stake,” an official said.

Singapore’s leading ground-handling company, Singapore Air Transport Services, and Air India set up a joint venture in April 2010, Air India-Singapore Air Transport Services Airport Services (AISATS), for ground- and cargo-handling activities at