Air India has appointed a global real estate consultant to undertake a study of its real estate holdings in India and abroad with an aim to raise Rs.5,000 crore over ten years through monetisation of assets as part of its financial restructuring plan.
“Air India has appointed a global real estate consultant to examine its properties in India and abroad and to suggest a road map for monetisation of the same. The consultant is in the process of identification of the properties,’’ Minister of State for Civil Aviation, K. C. Venugopal said in a written reply in Parliament on Tuesday.
In reply to another question, he said loans taken by Air India as on July 31, 2012, stood at Rs.47,226 crore and there was no proposal in the Ministry to waive these loans.
Keywords: Air India, Air India financial crisis, Air India bailout
After the draculas have fininhed with it, now they are getting ready to sell the kidney to raise money for blood transfusion. Why did they order equal no of boeings and air buses? Very strange, unless it is prevent the other from going after their throat with exposures.
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