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Air India required to raise Rs. 5,000 cr in 10 yrs

Source : IBNS
Last Updated: Tue, Nov 27, 2012 18:40 hrs

New Delhi, Nov 27 (IBNS) National carrier Air India is required to raise Rs. 5,000 crores over a period of ten years through asset monetization, as per its approved Financial Restructuring Plan.

"Air India has appointed a global real estate consultant to examine its properties in India and abroad and to suggest a roadmap for the monetization of the same," said Minister of State for Civil Aviation K.C. Venugopal in a written reply to a question in Rajya Sabha on Tuesday.

The Consultant is in the process of identification of the properties, said the minister.

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