Insta
Air India Aircraft
State-owned airline Air India has set in motion the work to sell off several properties, including flats, offices and staff quarters which are spread across multiple cities, reports Livemint.
As per the tender put up by the airline on its website on Friday (18 June), the said properties are spread across New Delhi, Mumbai, Kolkata, Ahmedabad, Bengaluru, Mangalore, Nashik and Nagpur.
These include residential units at New Delhi's Asian Games Village Complex, flats at the Pali Hill neighbourhood in Mumbai's Bandra, flats at Kolkata's Golfgreen locality, and the airline's booking office at Nagpur, among others.
The e-auction for the sale of these properties will close on 9 July. The airline is said to be looking to raise Rs 200-300 crore from its asset monetisation initiative.
It should be noted that the cash-strapped loss-making airline is also set to be divested by the government and the process for the same is presently ongoing. It is still to be seen how long does the completion of the disinvestment exercise take.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest