Air India to sell flats, plots and more in Mumbai, Kolkata, Chennai, Bengaluru, Pune and Amritsar
According to its audited accounts, the airline's total losses stood at Rs 47,145.62 crore in 2016-17. The Centre had in 2012 approved monetisation of real estate assets in Air India to the tune of Rs 5,000 crore over the next 10-year period, with an annual target of Rs 500 crore from FY13 onwards.
National carrier Air India Monday sought bids for the sale of 14 properties, through which the debt-laden airline aims to raise Rs 250 crore. Image source: Reuters