Government To Sell Four Subsidiaries Of Air India, Eight Other PSUs’ Assets

The government will sell 4 subsidiaries of Air India and assets of 8 other state-run firms identified for strategic divestment.

An Air India aircraft sits on the tarmac at Indira Gandhi International Airport in Delhi. Photographer: Pankaj Nangia/Bloomberg News

The government will sell four subsidiaries of Air India and properties of eight other state-owned companies that have been identified for strategic divestment.

Properties Under The Block

The government, according to the document, will also sell:

  • Air India’s “Airlines House” building in New Delhi, Hangar Number 4 at Terminal 1 of New Delhi Airport.
  • The 34,125-square metre Air India Complex in Santacruz, Mumbai.
  • All other “land and buildings owned, leased, licensed or possessed by AI, various articles of arts and artefacts”.
  • The Pawan Hans’ Rohini Heliport after demerging it into a separate company.
  • Bellman Hangar at Safdarjung airport, which was taken on lease from Airports Authority of India by Pawan Hans.
  • Land holdings and properties of: Hindustan Prefabs Ltd., Bridge and Roof Co. (India) Ltd., Scooters India Ltd., Bharat Pumps and Compressors Ltd., Hindustan Fluorocarbons Ltd. and Projects and Development India Ltd.

These assets have been identified for hiving off, and the mode and manner of disposal will be intimated by the department when the actual process is initiated, according to the document.

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