Nacil owes Rs1,141 cr to AAI and oil companies

New Delhi: The National Aviation Company of India ltd (Nacil), which runs the government’s flagship carrier Air India, owed Rs1,141.33 crore to the Airports Authority of India (AAI) and oil marketing companies as on 31 March 2009, Rajya Sabha was informed on Tuesday.
Private carrier Kingfisher owed Rs988.93 crore to oil companies and the Authority, while Jet-JetLite combine owed Rs722.47 crore at the end of March, 2009.
The amount owed by low cost carriers SpiceJet, Indigo and GoAir to AAI till 31 March, was Rs13.86 crore, Rs5.17 crore and Rs8.18 crore respectively. Paramount Airways held dues of Rs12.23 crore to the Authority.
Nacil has to pay Rs599.26 crore to AAI and another Rs542.07 crore to oil marketing firms, minister for civil aviation Praful Patel said in a written reply to a question in Rajya Sabha.
“In case of default of payment of dues by airlines, OMCs (oil marketing companies) take action for recovery of dues in line with the mutually agreed commercial terms between the airlines and OMCs. The defaulting airlines are also put on ‘Cash and Carry’ and interest is recovered on all overdue payments,” Patel said.
07/07/09 PTI/Livemint

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Categories: NACIL Jul 2009