Air India’s Employee Union Opposes Auction Of Assets

While the beleaguered airline Air India is deliberating selling some of its properties as part of its asset monetization plan, the employees union associated with the national carrier has opposed this.

Sources said that after planning to sell the Mumbai-based Air India building, the management of the airline is mulling to start another round of auction of its assets. This time, land and apartments at various locations have been considered for the auction aiming to garner Rs 300 crore.

Recently, Air Corporation Employees Union (ACEU) urged the Air India management to reconsider its plans to sell the iconic Air India Tower. It also suggested that secured loans should be availed against the building, which can be utilised for retiring high-cost working capital borrowings. Read more

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