Kingfisher pays part dues to AAI, GMR airports

New Delhi: Kingfisher Airlines Ltd, has paid part of its dues to the Airports Authority of India (AAI) and the two airports run by GMR Infrastructure Ltd to avoid paying in cash for further services.
The two operators had warned the Vijay Mallya-controlled carrier that its credit facility will be withdrawn from July because it had not paid dues of about Rs80 crore.
“We have received payment from them, so now they are within the Rs100 crore bank guarantee,” an AAI official said on condition of anonymity.
This means the airline would continue to have a credit facility, the official said. The company is required to furnish bank guarantees to cover charges for using the airports. A GMR Infrastructure executive also said Kingfisher Airlines had made partial payment to it.
Dues to the two airports that GMR runs at New Delhi and Hyderabad stood at around Rs40 crore before the part payment, said the executive, who declined to be named.
There was no response to emailed queries sent to Kingfisher Airlines on Thursday, and a follow-up text message sent on Friday.
10/07/09 Tarun Shukla/Livemint

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Categories: Airports Jul 2009, Kingfisher Jul 2009