{"id":262016,"date":"2019-03-01T07:15:16","date_gmt":"2019-03-01T07:15:16","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=262016"},"modified":"2019-03-01T07:15:16","modified_gmt":"2019-03-01T07:15:16","slug":"cabinet-clears-spv-for-transfer-of-air-india-loans-subsidiaries-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cabinet-clears-spv-for-transfer-of-air-india-loans-subsidiaries-2\/","title":{"rendered":"Cabinet clears SPV for transfer of Air India loans, subsidiaries"},"content":{"rendered":"<p>The Cabinet Thursday approved setting up of a special purpose vehicle &#8212; Air India Assets Holding&#8211; for transfer of the national carrier&#8217;s working capital loans, which are not backed by any assets, as well as four subsidiaries. <\/p>\n<p>&#8220;The Union Cabinet has given ex-post facto approval for the creation of the SPV and associated activities for the disinvestment of Air India and its subsidiaries or JV,&#8221; an official statement said. <\/p>\n<p>The four subsidiaries which have been transferred to the SPV are Air India Air Transport ServicesNSE 0.15 % (AIATSL), Airline Allied Services (AASL), Air India Engineering Services Ltd (AIESL) and Hotel Corporation of India (HCI). Also, non-core assets &#8211; painting and artefacts, and other non-operational assets of the national carrier too will be transferred to the SPV. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Cabinet Thursday approved setting up of a special purpose vehicle &#8212; Air India Assets Holding&#8211; for transfer of the national carrier&#8217;s working capital loans, which are not backed by any assets, as well as four subsidiaries. &#8220;The Union Cabinet has given ex-post facto approval for the creation of the SPV and associated activities for the disinvestment of Air India and its subsidiaries or JV,&#8221; an official statement said. The four subsidiaries which have been transferred to the SPV are Air India Air Transport ServicesNSE 0.15 % (AIATSL), Airline Allied Services (AASL), Air India Engineering Services Ltd (AIESL) and Hotel [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-262016","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262016","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=262016"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262016\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=262016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=262016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=262016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}