Air India to shift HQ to Delhi
12 Oct 2012 2:30 AM GMT
In a move to cut down the costs of Air India [AI], the Civil Aviation Ministry has given a go-ahead to shift its headquarters from Mumbai to Delhi.
Highly placed sources in the ministry told Millennium Post that Air India would be shifting it’s headquarters to Delhi from its building in Mumbai and that Civil Aviation Minister Ajit Singh has given the green signal for this move.
The sources added that the debt-laden national carrier would be shifting its headquarters from Mumbai to Delhi and let out its office space in the country’s commecial capital on rent.
This move has been taken as a cost cutting measure and to earn some extra income. The Mumbai headquarters has 22 floors and is situated in the city’s poshest real estate location in Nariman Point.
According to the financial restructuring plan, the national airline has to raise around Rs 500 crore in the current financial year through sale and renting out of its property.
Air India is also hiring a property consultant to generate revenues from properties in countries like Kenya, which is not of much use now.
Highly placed sources in the ministry told Millennium Post that Air India would be shifting it’s headquarters to Delhi from its building in Mumbai and that Civil Aviation Minister Ajit Singh has given the green signal for this move.
The sources added that the debt-laden national carrier would be shifting its headquarters from Mumbai to Delhi and let out its office space in the country’s commecial capital on rent.
This move has been taken as a cost cutting measure and to earn some extra income. The Mumbai headquarters has 22 floors and is situated in the city’s poshest real estate location in Nariman Point.
According to the financial restructuring plan, the national airline has to raise around Rs 500 crore in the current financial year through sale and renting out of its property.
Air India is also hiring a property consultant to generate revenues from properties in countries like Kenya, which is not of much use now.
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