Air India is awaiting civil aviation ministry nod to sell its properties
in Mumbai and Chennai as a part of the asset monetisation drive.
Air India hopes to collectively earn about Rs 200 crore from the sale of four flats on Pedder Road in Mumbai and 1.3 acre land parcel in Chennai.
"We have submitted the proposals to the ministry about a month ago and are waiting for permission. Government rules require us to take prior consent from the ministry before we undertake the sale. State Bank of India has agreed to purchase four flats in Sterling Apartments in Mumbai and while Income Tax department has expressed willingness to acquire the land in Chennai," an Air India source said.
Read news in full 23/04/15 Aneesh Phadnis/Businesss Standard
Air India hopes to collectively earn about Rs 200 crore from the sale of four flats on Pedder Road in Mumbai and 1.3 acre land parcel in Chennai.
"We have submitted the proposals to the ministry about a month ago and are waiting for permission. Government rules require us to take prior consent from the ministry before we undertake the sale. State Bank of India has agreed to purchase four flats in Sterling Apartments in Mumbai and while Income Tax department has expressed willingness to acquire the land in Chennai," an Air India source said.
Read news in full 23/04/15 Aneesh Phadnis/Businesss Standard
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