• Thursday, April 25, 2024

Business

Air India Puts Key Properties Up For Sale, Aims To Net At Least Rs 500 Crore

By: Eastern Eye Staff

Air India has put up for sale as many as 27 flats besides several residential and commercial land plots as well as office buildings across the country as part of its snail-paced asset monetisation plan amid the disinvestment process of the debt-ridden flag carrier. The state-run auctioneer MSTC has been mandated to e-auction these properties, with bid closing date fixed for September 6.  According to a public notice, the airline has sought bids for sale of properties in Mumbai, Bengaluru, Kolkata, Chennai, Thiruvananthapuram, Ahmedabad, Pune, Goa, Lucknow, Gwalior, Gurgaon and Bhuj. Air India expects to mop up at least Rs 500 crore from the…

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