Plan to transfer Air India debt, non-core assets to SPV, says official
Updated : August 22, 2018 08:02 AM IST
Accordingly, the proposal is expected to financially revive the debt-ridden airline through the sale of its non-core assets.
On August 7, Parliament had approved the additional gross additional expenditure of Rs 980 crore for equity infusion into the heavily indebted airline.
The Central government had invited Expression of Interest (EoI) on March 28 this year for disinvestment of Air India including the national carrier's share-holding interest in the Air India Express Ltd and Air India SATS. But, it received no responses till May 31, the closing day.