New Delhi: Air India's operational performance might have been satisfactory but the airline's failure to meet the target of raising revenues through stake has become a matter of concern for the civil aviation ministry.
The national carrier, which has to meet a target of raising Rs 5,000 crore through property sale in 10 years, has faltered in the first year itself by not being able to raise Rs 500 crore in 2012-13 through asset sale.
"Air India's failure to meet its target to raise money through property sale is a concern for us. We expect them to raise at least Rs 1,000 crore in the current fiscal. It would be good, if they raise more than that," said a senior ministry official.
The issue could be raised in the oversight committee on Air India, which is to meet on April 16, 2013.
12/04/13 Mihir Mishra/Indian Express
