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Cabinet clears transfer of Air India's Rs 29,464 crore loans, 4 subsidiaries to SPV

Updated : February 28, 2019 10:43 PM IST

The four subsidiaries which have been transferred to the SPV are Air India Air Transport Services (AIATSL), Airline Allied Services (AASL), Air India Engineering Services Ltd (AIESL) and Hotel Corporation of India (HCI).
Also, non-core assets - painting and artefacts, and other non-operational assets of the national carrier too will be transferred to the SPV.
Cabinet clears transfer of Air India's Rs 29,464 crore loans, 4 subsidiaries to SPV

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