Kingfisher takes wings on dispute settlement

Mumbai: The Vijay Mallya-owned Kingfisher Airlines has resolved its long-pending aviation turbine fuel (ATF) payment dispute with Bharat Petroleum through an out-of-court settlement. The airline will pay Rs 40 crore within 12 days and the rest in instalments within a year. The total dues are Rs 314 crore and the airline will also pay interest on this, said a BPCL official.
05/11/09 Business Standard

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Categories: Kingfisher Nov 2009