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As per its approved Financial Restructuring Plan, Air India is required to raise Rs.5000 crores over a period of ten years through asset monetization.
Accordingly, Air India has appointed M/s. DTZ International Property Advisors Private Limited as global real estate consultant to examine its properties in India and abroad and to suggest a road-map for the monetization of the same.
The Consultant is in the process of identification of the properties.
This information was given by the Minister of State for Civil Aviation Shri K.C. Venugopal in a written reply to a question in Lok Sabha today.
India Infoline News Service / 14:51, Aug 19, 2014
Q1 revenues declined 0.9% qoq vs our estimate for a 1.8% qoq on the back of weakness in global operations whose revenues declined 14.9% qoq and 5.1% yoy.