Business Standard, 3 Nov 2009
Air India (AI) may review its ground handling joint venture agreement with Singapore Air Terminal Services (SATS) if the latter diluted its stake to another firm in that country, sources said.
Air India-SATS JV firm with 50:50 equity ratio was set up on the basis of an agreement that does not provide for SATS joining hands with another firm, the sources said.
They said since the AI-SATS ground handling company started operations at the new Bangalore and Hyderabad airports, the revenue earned by Air India dipped drastically.
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