With the aim to monetize surplus land assets the national carrier Air India has signed an MoU with National Buildings Construction Corporation Ltd (NBCC). It will be a non-binding, non-exclusive agreement and each land asset will be individually evaluated for a particular mode of monetization process. The MoU aims to blend together NBCC’s huge expertise in successful completion of several prestigious projects and Air India’s vast surplus land assets. The Minister of State for Civil Aviation, Dr. Mahesh Sharma stated that the Civil Aviation ministry is likely to define a time horizon of six months to set the house in order especially the problems facing Air India.