Govt planning strategic sale of 4 Air India subsidiaries soon

Besides, plans are on the anvil for selling the headquarter building of Air India in the national capital.

Air India to sell land, flats worth Rs 300 crore

The revival plan for Air India has been discussed at various levels of the government.

Of the 27 planes, three are on ground due to want of spares, while three are being used on a rotational basis.

The tenure of the loan will be for one year (renewable) from the date of availing the STL.

The A320 neo plane was operating from Thiruvananthapuram to Male.

Air India is reeling under a debt burden of Rs 48,000 crore.

The disinvestment plan of Air India was stalled, due to lack of interest shown by bidders.

The loss forecast for the 12 months ending March 31 is up from an estimated $430 million to $460 million.

It has suggested that secured loans should be availed against the building.

The incident prompted the Civil Aviation Ministry to seek a report from the national carrier.