AAI rejects Kingfisher's plea to lower interest rate

Mumbai: The Airports Authority of India (AAI) has rejected Vijay Mallaya-owned Kingfisher Airlines' request to lower interest rate on dues amounting to Rs 140 crore, a senior official today said.
"Kingfisher Airlines owes us around Rs 140 crore. The airline had requested us to lower the interest rate which has been turned down," AAI Chairman V P Agarwal told PTI here.
The Vijay Mallya-owned private air carrier had asked the Civil Aviation Ministry to lower the interest rate, charged by the Authority on the principal amount.The dues are for a period of up to January, Agarwal said.
22/02/10 Press Trust of India

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Categories: Airports Feb 2010, Kingfisher Feb 2010