{"id":427980,"date":"2021-07-30T08:07:36","date_gmt":"2021-07-30T02:37:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=427980"},"modified":"2021-07-30T09:37:29","modified_gmt":"2021-07-30T04:07:29","slug":"air-india-sold-its-115-properties-for-rs-738-crore-since-2015-govt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-india-sold-its-115-properties-for-rs-738-crore-since-2015-govt\/","title":{"rendered":"Air India sold its 115 properties for Rs 738 crore since 2015: Govt"},"content":{"rendered":"<p>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.<\/p>\n<p>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.<\/p>\n<p>In his written reply to a question in Lok Sabha, Singh said on Thursday, &#8220;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.&#8221;<\/p>\n<p>The 111 parcels of properties consist of 211 units, which are under monetization, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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, &#8220;Air India has identified 111 parcels of properties for monetization; out of which 106 parcels of properties [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-427980","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=427980"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427980\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=427980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=427980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=427980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}