Air India sold its 115 properties for Rs 738 crore since 2015: Government

Air India has sold its 115 properties for Rs 738 crore since 2015 to offset its debt, Minister of State for Civil Aviation V K Singh said on Thursday. According to the decision of Air India Specific Alternative Mechanism (AISAM) in 2018, disinvestment-bound Air India has been monetising its immovable assets to offset its debt. The carrier had a debt of around Rs 60,000 crore as on March 2019.

In his written reply to a question in Lok Sabha, Singh said on Thursday, “Air India has identified 111 parcels of properties for monetization; out of which 106 parcels of properties are in India and the rest five are overseas properties.”