There is also "scope for improvement in utilisation of bilateral rights".According to the memorandum, the two airlines have attractive slots at capacity constrained airports in the country. "This is a significant advantage compared to any new player looking to enter or an existing looking to expand into the Indian market," the ministry said.The national airline has 3,739 domestic slots and 2,543 international slots available per week as on December 31, 2017. This number shall be further adjusted to account for material business developments post March 31, 2017 for instance purchases/ delivery of aircraft etc. "The balance debt shall be allocated to Air India Asset Holding Limited which is 100 per cent owned by the Government of India subject to receipt of requisite approvals from lenders and regulators, as applicable," the memorandum said. Contingent liabilities would remain with Air India and Air India Express.Within the contingent liabilities, income tax, customs duty , as well as service tax and guarantee fee/ penal charges due to the government would continue to remain with Air India.

Source: Economic Times March 29, 2018 12:56 UTC