Summary:
Ashwani Lohani, Chairman, and Managing Director, Air India said that he hopes this time the auctions would be successful this time. Air India called off the auction in July stating that bids received were below the reserve price. While Air India had claimed that buyers had shown interest, they had decided to not go ahead with the auction. The properties being re-auctioned are worth Rs 299.7 crore with the carrier increasing prices of the flats and hiring a marketing firmAfter two failed attempts, Air India is back with its plan to auction some of its prime properties in Mumbai. The properties being re-auctioned are worth Rs 299.7 crore with the carrier increasing prices of the flats and hiring a marketing firm..