Air India has decided to monetise its vacant land and properties, both in India and outside, to raise about Rs. 5000 crores. Air India has a total of 106 properties and it proposes to sell the properties to tide over the debt of Rs. 43,000 crore and also loss of over Rs. 20,000 crore.
It is reported that SBI, LIC, ONGC etc, big PSUs, have intimated their interest in purchasing the vacant properties.