New Delhi has approved the establishment of a special purpose company that will take around half of Air India’s debt and four subsidiaries that are set to be sold off. Air India Asset Holdings was incorporated on 22 January, and will take Rs295 billion ($4.4 billion) of the carrier’s unsecured debt, along with regional unit […]
source http://www.ncairways.co/aviation/new-vehicle-set-to-absorb-air-india-debt-sell-off-units/
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