New Delhi: The Cabinet Committee on Economic Affairs (CCEA) today extended by 18 months the moratorium on payment of compensation to Indian Airlines due to merger of Vayudoot Ltd with it.
"The CCEA today gave its approval to extend the moratorium by a further period of one and half years beyond March 31, 2005 so that the remaining amount of Rs 3.11 crore out of the total amount of Rs 138.33 crore due by Indian airlines on account of merger with Vayudoot, could also be finally settled," Information and Broadcasting Minister Priyaranjan Dasmushi told reporters here.
The move would help Indian Airlines discharge liabilities of Vayudoot during the current financial year 2006-07 without financial burden.
20/07/06 Zee News
To Read the News in full at Source, Click the Headline
Friday, July 21, 2006
Home »
» CCEA extends moratorium on Indian Airlines
CCEA extends moratorium on Indian Airlines
Friday, July 21, 2006
Related Posts:
CAT bells fog, ends winter airport chaos Kolkata: Over 3,000 fliers arrived or departed Kolkata airport on Friday morning, aided by technology that helped flights operate despite a thick bla… Read More
Smog caused by Bhogi bonfires disrupts flight operations at Chennai airport Chennai: Flight operations were disrupted at Chennai airport on Saturday morning after smog reduced visibility to less than 50 metres. Bhogi bonfires… Read More
Jet Airways to offer ven pongal, sakharai pongal on flights from Chennai Chennai: Travellers flying from Chennai on select Jet Airways flights will be able to enjoy the pongal feast for breakfast and lunch on January 14 as… Read More
Passenger takes SpiceJet staff to task over flight cancellation Surat: A passenger stunned the airport staff and security personnel on Friday when he staged a dharna with banners to protest against SpiceJet author… Read More
Kingfisher House to be auctioned for sixth time Mumbai: Kingfisher House, the erstwhile headquarters of now-defunct Kingfisher Airlines' (KAL), has been put on the block for the sixth time by the D… Read More
0 comments:
Post a Comment