Air India steps up asset monetisation; to lease out space in Kolkata

After renting out most of the space in its erstwhile iconic tower Air India Building here, the national carrier has now started the process to lease out around 25,500 square feet space at the Kolkata office complex.The airline, which turned operationally profitable for the first time in a decade in 2015-16 fiscal, is pursuing ways to revive its financial fortunes amid stiff competition.

Air India has sought bids for leasing out three of its six-storied building at landmark C R Avenue locality of Central Kolkata. The move is part of its asset monetisation programme, which kick started in 2016, after a delay of almost four years. “Air India Ltd intends to give on lease and license basis a total built up area of 25,449 sq ft…Of its own six-storied building in Kolkata,” as per the Request for Proposal (RFP) document.

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