Sunday, October 26, 2008

Airlines miss deadline to pay dues to Airports Authority

New Delhi: Indian air carriers have missed the Oct 24 deadline to pay their dues to the Airports Authority of India (AAI) for using airport facilities, an official said on Saturday.
Earlier this week, the AAI issued notices to the airlines, including leading private carriers Jet Airways and Kingfisher Airlines, asking them to pay their dues. The airlines owe over Rs.10 billion to AAI.
While Jet Airways owes Rs.3.95 billion, Kingfisher owes Rs.2.11 billion.
The AAI official told IANS that no airline had paid up.
Both Jet and Kingfsher Oct 13 announced a strategic alliance following which they now control 60 percent of the airline market share.
India' flagship carrier Air India pays about Rs.18 billion annually towards landing and parking fees and has an overdue amount of Rs.5 billion.
25/10/08 IANS/Econimic Times
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