Govt has settled Rs 61,000 cr debt, liabilities of Air India: DIPAM Secy

In a Q&A, Tuhin Pandey also said govt plans to list LIC in this financial year

The Centre has already settled over Rs 61,000 crore worth debt and excess liabilities of Air India as it handed over the national carrier to Tata Sons on Thursday, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told Nikunj Ohri in an interview. The Air India Asset Holding Company Ltd (AIAHL) has paid off debt of Air India of about Rs 46,000 crore, and settled about Rs 15,000 crore of excess liabilities such as unpaid fuel bills. Tatas have also paid off the retained debt of Rs 15,300 crore through refinancing. Pandey also said that the