Air India bailout plan not alternative to divestment: CMD
The government's proposed move to pare Rs 29,000 crore of Air India's debt is a short-term measure and not an alternative to divestment plans, the national carrier's Chairman and Managing Director Pradeep Singh Kharola said Wednesday.
The non-core assets will also be transferred along with the debt to the SPV, likely to be known as Air India Assets Holding (AIAHL), he said. Image Source; Reuters