New Delhi: Private sector companies may not get as much as a chance with Air India's 1.7-lakh sq ft office in central Delhi's Baba Kharak Singh Marg as the national carrier has decided to give preference to stateowned enterprises to lease it as part of its programme to monetize real estate assets.
The loss-making and debt laden airline had decided in February to monetise its properties spread over India and various parts of the world over the next three years to raise an estimated Rs 5,000 crore, kick starting the process with its city terminal office at Baba Kharak Singh Marg.
However, the airline doesn't want to sell it to private companies but lease it to government-owned enterprises after it received strong interest from the State Bank of India (SBI), Oil and Natural Gas Corp and Life Insurance Corporation ( LIC).
17/04/13 Anindya Upadhyay/Economic Times
