{"id":261979,"date":"2019-03-01T07:05:00","date_gmt":"2019-03-01T07:05:00","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=261979"},"modified":"2019-03-01T07:05:00","modified_gmt":"2019-03-01T07:05:00","slug":"cabinet-approves-creation-of-spv-for-air-india-divestment","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cabinet-approves-creation-of-spv-for-air-india-divestment\/","title":{"rendered":"Cabinet approves creation of SPV for Air India divestment"},"content":{"rendered":"<p>New Delhi, Feb 28 () The Union Cabinet on Thursday gave its &#8220;ex-post facto approval&#8221; for the creation of a special purpose vehicle (SPV) for the disinvestment of Air India and its subsidiaries and joint ventures, a government statement said.<br \/>\nThe cabinet also gave its approval for the development of new greenfield airport at Hirasar in Gujarat&#8217;s Rajkot district.<br \/>\nAn SPV named Air India Asset Holding Ltd (AIAHL) was set up on January 22 last year as part of financial restructuring of the debt-laden national carrier.<br \/>\nThe statement on Thursday said &#8220;the government has decided to transfer&#8230;to the newly-created SPV the debt of Air India Limited amounting to Rs 29,464 crore&#8221; as well as &#8220;non-core assets, painting and artifacts and other non-operational assets of Air India Limited&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 28 () The Union Cabinet on Thursday gave its &#8220;ex-post facto approval&#8221; for the creation of a special purpose vehicle (SPV) for the disinvestment of Air India and its subsidiaries and joint ventures, a government statement said. The cabinet also gave its approval for the development of new greenfield airport at Hirasar in Gujarat&#8217;s Rajkot district. An SPV named Air India Asset Holding Ltd (AIAHL) was set up on January 22 last year as part of financial restructuring of the debt-laden national carrier. The statement on Thursday said &#8220;the government has decided to transfer&#8230;to the newly-created SPV [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-261979","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=261979"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261979\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=261979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=261979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=261979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}