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.
