Air India privatisation: Rs 16,000 crore unpaid bills to go to govt's AIAHL
Shortpedia
Content Team
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The government will transfer about Rs 16,000 crore of unpaid fuel bills and other pending dues that Air India owes to suppliers, to a special purpose vehicle before handing over the loss-making airline to the Tata Group, a senior official said. Air India Assets Holding Ltd, which will hold non-core assets of Air India such as land and building, will also be saddled with 75% of the airline's debt that the Tata Group is not taking over.
