AIR INDIA ASSET HOLDING COMPANY LIMITED (AIAHCL)

Nov. 30, 2018

The government has decided to transfer more than half of Air India’s nearly ₹55,000-crore debt into a special purpose vehicle (SPV) — Air India Asset Holding Company Limited (AIAHCL) — to help the airline cut expenditure on servicing the huge loan.

About:

  • Air India Asset Holding Company Limited, a special purpose vehicle (SPV), is 100% owned by the Government of India.

  • It was registered with Registrar of Companies, Delhi in January 2018.

  • This SPV will also house the non-core assets such as the ground-handling arm and land.

  • Earlier this week, the Group of Ministers approved 100% stake sale of Air India’s ground-handling arm Air India Air Transport Services Limited (AIATSL), an asset that will be moved to the SPV. AIATSL is the only profit-making subsidiary of Air India apart from Air India Express Ltd.

Source : The Hindu