Dues issue between Kingfisher, AAI settled: Mallya

New Delhi: Having paid part of his airline's Rs 287-crore dues to the Airports Authority of India, liquor baron Vijay Mallya said on Friday Kingfisher Airlines and the state-owned airport body had worked out a “mutually satisfactory” arrangement on the i ssue.
“I do not run Kingfisher Airlines through media. We have bilateral arrangements with AAI and have come to a mutually satisfactory arrangement with them,” he said in a statement, days after submitting cheques to AAI.
Mr Mallya, who would participate in a conference here tomorrow, along with his Jet Airways counterpart Mr Naresh Goyal and Civil Aviation Minister Mr Praful Patel, has paid Rs 50 crore to AAI and promised to pay another Rs 150 crore over the next two mon ths to clear the dues worth Rs 286.62 crore. The payments were made in the face of AAI threats to encash its bank guarantee to recover the dues, which constitute charges for parking, landing, navigation, communication and various other services AAI provides to the airlines.
21/11/08 Business Line

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Categories: Airports Nov 2008, Kingfisher Nov 2008