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Government prepares revival plan for Air India: Minister

the plan comprises several major elements such as a comprehensive financial package including transferring of non-core debt and assets to an SPV (special purpose vehicle) and strategic disinvestment of subsidiaries

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The Centre has prepared a revival plan for Air India, comprising a comprehensive financial package and sale of non-core real estate assets.

"The government has prepared a revival plan of Air India which focuses on building a competitive and profitable airline group," the Minister of State for Civil Aviation Jayant Sinha said in a written reply to a question in Lok Sabha.

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