Business Standard

What about the villas, flats? Mystery over Air India's foreign properties

Before its merger with Indian Airlines, Air India owned villas and apartments across the world

Air India
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Air India

Sai Manish New Delhi
Air India has kept prime properties owned by it with the banking consortium, the airline's mortgage document shows. But, according to the amalgamation document of Air India and Indian Airlines reviewed by Business Standard, it seems that the national carrier and the erstwhile Indian Airlines had a host of other properties across the world whose ownership status is presently unclear. None of these properties are pledged with banks owed money by Air India. 

A questionnaire sent to Air India's spokesperson did not elicit a response till the time of publication. At the time of the amalgamation in 2007, Air India

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