Air India’s iconic Mumbai building to be sold to Jawaharlal Nehru Port Trust: Nitin Gadkari
“I told them you decide the price, I will ask JNPT to buy it. The building should remain with the government. Both the secretaries will sit together and decide the value and we will pay for it,” Gadkari said.
There are at least 10,800 square feet of space on each floor of the building. The proposal to sell the building to JNPT comes after the government’s efforts of strategic disinvestment of Air India, which is in financial crisis, failed to take off. Its debt burden is estimated to be over Rs 50,000 crore. The JNPT, located at Navi Mumbai and formerly known as the Nhava Sheva Port, handles around 55 per cent of the country’s container cargo and has an annual profit worth Rs 1,300 crore. It handled 66 million tonnes of container cargo in 2017-18.
You might also like
Jet Airways plans in-flight Wi-Fi roll-out
Jet Airways has announced the introduction of an in-flight entertainment streaming service. This service enables wireless streaming of movies, TV programmes, a wide genre of music and interactive games directly
flydubai announces 14.4% passenger growth to 10.4 million and profit of AED 31.6 million
Full-Year Results announced for the year ending 31 December 2016 Reports total profit for the year of AED 31.6 million (USD 8.6 million) Total revenue for the year reached AED
Garuda Indonesia celebrates launch of direct flights from Mumbai to Jakarta
Attractive all-in return fares to Jakarta and Denpasar – Bali from Mumbai starts from INR 25,000 Indonesia’s award-winning national airline, Garuda Indonesia, rated a 5-Star Airline by Skytrax, has launched