Air India gets Govt’s nod to sell its Coimbatore plot

New Delhi, Dec. 16 (ANI): The Union Cabinet on Wednesday approved the sale of a plot measuring 0.99 acres of Air India at Pankaja Mills Road in Coimbatore for a consideration of Rs.19.81 crore.

The sale process was undertaken by way of e-tender through Metal and Scrap Trading Corporation (MSTC).

As Air India was incurring losses for several years, it was decided by the Government that in order to augment its non-tax revenues, Air India should monetise by way of sale, lease and joint venture its immovable properties, which are lying unutilised.

As a part of this exercise this plot of land is being sold to National Building Construction Corporation Ltd. (NBCC). (ANI)

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