Air India makes renewed bid to raise funds, puts 38 assets on the block
NEW DELHI : Debt-laden Air India Ltd is making a renewed bid to raise funds by auctioning about 38 real estate assets, including some it could not sell in previous auctions by lowering the reserve price of some of the properties.
Bidders can submit their offers by 15 November, according to a tender document issued by the airline and seen by Mint.
State-owned MSTC Ltd, which specializes in conducting e-auctions, will handle the online auction for Air India. Real estate consultants Cushman & Wakefield is advising the national carrier on the property sales.
