a net debt of ₹ 55,000 crore, including ₹ 21,000-22,000 crore of aircraft debt.

The carrier has been incurring losses for more than a decade and also failed to garner investor interest in a recent privatisation attempt.

The building served as the corporate headquarters for Air India until 2013 when the head office was shifted to New Delhi.

The Air India building, which is spread over 220,000 sq. ft, has several vacant floors though several floors, overlooking the Arabian Sea have been rented out to the directorate general of shipping, State Bank of India, and Tata Consultancy Services Ltd.

In July, Mint cited property consultants as saying that Air India could garner about ₹ 700 crore from the deal, far below what the storied building could have fetched a decade earlier.

Nariman Point,Ryan Mayer Contributor I am a Sport Management major and Business minor at St. John's University in Queens, NY. I am a writer for ComiConverse.com, ThePennyFace.com, and TheJetPress.com. I also am the Twitter manager of ComiConverse.com. I have always been in love with comics and football and hope to one day make a career out of it!

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