Daily Archives: September 19, 2019

Demystifying the Air India Asset Holdings bond offering

The Air India ramp at Mumbai CSMI Airport. Photo by and copyright Devesh Agarwal.

As the government preps Air India for divestment, a key element of the plan is the reduction of the debt burden. The goal is to make the airline a better proposition for buyers. The debt reduction has been carried out by creating a special purpose vehicle (SPV) named Air India Asset Holdings Ltd (AIAHL) and moving half of the debt …

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