The Centre has sought the authorisation of Parliament to inject Rs. 62,000 crore to government-owned special purpose vehicle Air India Assets Holding Limited (AIAHL) that holds Air India’s debt, liabilities and some non-core assets.

This company was set up to clean the airline’s balance sheet ahead of its privatisation in order to make it attractive to buyers. The authorisation has been sought in the second batch of supplementary demands tabled in the Lok Sabha on Friday.

After Air India's privatisation, the net liability on the government amounted to Rs. 28,844 crore. The balance amount sought will be used to take care of interest liabilities toward working capital and aircraft loans, lease rentals, owings to oil companies and to the Airports Authority of India, sources said.