After takeover by Tata, Air India’s assets may return to Kerala govt.

Two prime properties in Thiruvananthapuram were assigned to the former PSU

With the Tata Group completing its takeover of Air India on Thursday, some of the assets in the capital held by the airline, which was formerly a public sector undertaking, are set to come back under the State government’s control. According to information from Air India sources and Revenue department officials, a prime piece of property in Vellayambalam currently occupied by the Air India office and another one at Chakka, occupied by its subsidiary Air India Engineering Services Limited, could be back with the government soon.The State government had assigned the land in Vellayambalam, located opposite Keltron, to Air India in 1981. According to Air India sources, as per the conditions of the assignment, the property cannot be sold or leased or rented out to third parties. Some years ago, Air India had attempted to rent out a part of the building after the airline incurred huge losses, but the conditions in the agreement prevented it from doing so.