AI Assets Holding Limited (AIAHL) is a Special Purpose Vehicle (SPV ) formed by Government of India with an aim to provide unified Asset Holding Services as stated in Object Clauses of its Memorandum of Association.

The objects to be pursued by the company on its incorporation are

1. To acquire from Air India Ltd. its

a. shares held in:

(i) Air India Air Transport Services Ltd.,

(ii) Air India Engineering Services Ltd.,

(iii) Airline Allied Services Ltd., and

(iv) Hotel Corporation of India Ltd.

b. paintings, artifacts and other non-operational assets, whether or not reflected in the balance sheet, all as may be decided by Air India Ltd/Government of India.;

c. non-core assets, as may be decided by Air India Ltd./Government of India;

d. immovable properties, whether leasehold or freehold, moveable properties including intangible properties such as but not limited to trademarks, brand names, goodwill, copyright and other intellectual property rights, slots at airports, landing rights, operating rights, goodwill, and other rights, in each case whether or not reflected in the balance sheet, as may be decided by Air India Ltd./Government of India;

e. accumulated working capital loans not backed by any asset; and

f. other assets/liabilities or of its subsidiaries, as may be decided by Air India Ltd./Government of India.