Kingfisher yet to clear Rs 280 cr dues of AAI

Business

oi-Sneha

By Sneha B K

Published: Friday, May 4, 2012, 11:25 [IST]

Kingfisher Airlines, which is reeling under more than Rs 7,000 crore of debt, owes dues of about Rs 280 crore to the Airports Authority of India (AAI).

“Kingfisher owes Rs 279.52 crore towards landing and parking, RNFC, Licence Fee, etc, to Airport Authority of India (AAI),” the Civil Aviation Minister, Mr Ajit Singh, said in a written reply in the Rajya Sabha.

He said continuous monitoring is done by the AAI to ensure that airlines pay their dues in time.

“In case of default in payment by airlines, measures like charging of penal interest, withdrawal of credit facility are taken and the airlines are put on ‘Cash and Carry’ policy,” he said.

Replying to another query, Mr Singh said that reports have been received that employees of Air India and Kingfisher Airlines have not been paid salary regularly.

“However, the Ministry has no information on the current status and extent to which salary and wages to the employees of private airlines have been paid,” he said.

PTI