New Delhi: Air India's Board approved a plan to raise Rs 5,000 crore over 10 years by monetising its assets to repay loans extended to it by the government and it lenders.
"As per the plan approved by the government, Air India plans to monetise Rs 5,000 crore over 10 years to support its Financial Restructuring Plan at an average of Rs 500 crore per year," a statement from Air India said.
Air India is considering appointing top real estate consultants with wide experience in operating in India and abroad to help monetise its assets, spread all across the country and abroad. It plans to make the appointment by June 30, the statement said.
Taking a serious view of the ongoing pilots' stir, the Board endorsed the stand taken by the management in terminating the services of 71 striking pilots and fully supported the view that indiscipline should not be tolerated in any form.
14/05/12 PTI/Economic Times
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