Mumbai: Weak response from private sector corporate houses to Air India's proposal to lease out its sea-facing HQ building at Nariman Point in South Mumbai has strengthened the case of its lenders and other public sector enterprises.
Air India's lenders, who had earlier planned to take up space in this iconic building, are keen to move in and formalise the transaction, said persons familiar with the development.
Given this backdrop, the national carrier has extended the deadline for submission of bids for leasing space by nearly a month as big private players showed little interest, and most of the bids received so far have been from public sector enterprises.
23/11/12 Kailash Babar & Manisha Singhal/Times of India
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Air India's lenders, who had earlier planned to take up space in this iconic building, are keen to move in and formalise the transaction, said persons familiar with the development.
Given this backdrop, the national carrier has extended the deadline for submission of bids for leasing space by nearly a month as big private players showed little interest, and most of the bids received so far have been from public sector enterprises.
23/11/12 Kailash Babar & Manisha Singhal/Times of India
