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.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
