Of the 141 Air India aircraft that Tatas would get, 42 are leased planes while the remaining 99 are owned. Tata will also take over the capitalized lease liability on account of operating leases of Rs 9,185 crore. Besides, some of these 141 planes are grounded due to a lack of engine and other maintenance. Also, the obsolescence factor is there are many as not fuel-efficient. ''We want to finish the handover quickly because we are paying Rs 20 cr /day to run the airline. The new owner will need to put in a lot of capital because they have to do capital expenditure to improve aircraft, refurbish and give new orders for obsolete aircraft. Only then they may be able to turn around. Also, conditions have been put that you cannot resize employees for 1 year, and thereafter in the second year, you have to give VRS,'' Pandey said. The government is divesting its 100 percent ownership of Air India and Air India Express along with its 50 percent stake in ground-handling company AISATS. The government will, however, transfer about Rs 16,000 crore of unpaid current liabilities, above current and noncurrent assets, such as fuel bills and other pending dues that Air India owes to suppliers, to Air India Assets Holding Ltd (AIAHL). A Letter of Intent (LoI) has been issued to Tatas on October 11 confirming the government's willingness to sell its 100 percent stake in the airline. Tatas have now to accept the LoI, post which the Share Purchase Agreement (SPA) will be signed. Conditions precedent to the transactions would need to be satisfied by Tatas before they actually can take over the operations.