Air India
State owned Flag carrier Air India’s (AI) balance sheet has been in red for the last many years and the loss making company is reeling under the pressure to bring back its lost sheen. AI has approached the government of India undertaking company National Buildings Construction Corporation Ltd. (NBCC) to help it monetise its assets. [...] Continue Reading »
According to the information presented in the Parliament by the Civil Aviation Ministry on Tuesday, 204 of the 226 issues affecting the integration process of Air India and Indian Airlines have been completed. The Ministry told the Parliament that integration is currently in progress on 17 issues; while five issues are pending in court. A [...] Continue Reading »
In foreign destinations like Hong Kong, Nairobi and Mauritius, as part of asset monetisation to garner resources, Air India is considering selling off its properties. According to the airline officials, Indian banks and public sector undertakings have been approached by the national carrier for disposal of these properties including floorspace in prime locations. To help [...] Continue Reading »
Air India is unable to realise the objective of monetizing its assets due to depressed rates in real estate market. The company had three year plan to earn Rs 1,200 crore in FY14, Rs 2,000 crore in FY15 and Rs 1,800 crore in FY16 through this route. This money was to be used to retire [...] Continue Reading »
New Delhi: The distressed Air India has decided to generate capital from the realty market by selling, redeveloping and leasing its assets. It has also mandated Delhi’s real estate consultant DTZ International Property Advisors Private Limited for its plan. Selling and leasing the firm’s real estate assets will fetch the company the costs to meet the [...] Continue Reading »
Air India is planning to monetise 105 realty assets to lower its debt burden. According to industry sources, the debt ridden national carrier had invited bids from real estate consultants and Jones Lang LaSalle India is close to seal the deal. The financial bids opened last week and based on the financial proposals submitted by [...] Continue Reading »
Air India planned to lease out two main office in Mumbai and Delhi to increase the inflow of revenue. The total office space available in two of the location are around 1.5 lakh sq ft. The analysts expects that the national carrier can earn up to Rs 500 crore through the proposed leasing of the [...] Continue Reading »
