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Private airlines owe Rs 274 cr to AAI

Last Updated: Thursday, December 3, 2009 - 19:25

New Delhi: Private airlines in the country
owe Rs 274.19 crore to the Airports Authority of India as
of October-end, with Kingfisher being ahead of Jet Airways and
Spicejet leading the pack of low-cost carriers.

Full service carriers Kingfisher and Jet Airways had dues
of Rs 167.92 crore and Rs 49.86 crore, respectively, as on
October 31, 2009, the Lok Sabha was informed today.

Spicejet had dues of Rs 15.42 crore, followed by JetLite
(Rs 14.66 crore). GoAir and Indigo had arrears of Rs 9.08
crore and Rs 8.72 crore, respectively.

The all-business-class carrier Paramount Airways owed Rs
8.53 crore as on that date.

For realising the arrears, "interest is levied on the
defaulting airlines for the delayed settlement of AAI dues,"
Civil Aviation Minister Praful Patel said in a written reply
to a question in the Lok Sabha.

In case of sustained default, the security deposit
furnished by the airlines in the form of bank guarantee/
fixed deposit is encashed, he said.

If necessary, credit facility to the airline is withdrawn
and the defaulting airline`s operations are put on cash &
carry basis, Patel said.


First Published: Thursday, December 3, 2009 - 19:25

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