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Air India: SPV to free Air India of debt in the works

Air India: SPV to free Air India of debt in the works

Tuesday, March 7, 2017, 11:55 AM
South Asia’s oldest airline, Air India, is planning to cut its 10 year old debt baggage as part of a programme, that would allow the airline to transfer loans to a dedicated company and create a capital structure underpinning its turnaround initiatives. The Idea of SPV which would hold the debt and assets of the airline founded in 1932, was discussed in a meeting.
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