Associate Partner
Countdown

  • SENSEX
    NIFTY 50
Aviation

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
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV
Advertisement