Airports Authority asks AI to clear Rs 680 crore dues

New Delhi: Having some money may become a bigger problem than easing the troubles cash-strapped national carrier Air India. Within hours of getting approval for Rs 1,200 crore equity infusion from the Cabinet Committee of Economic Affairs, creditors are eyeing to get their dues.
First off the block was state-owned Airports Authority of India, which claims to have Rs 680 crore as dues from the Maharaja. "AAI chairman V P Agrawal shot off a letter to AI management on Friday morning asking for the long-pending dues to be cleared. Last fiscal, when AI got Rs 800 crore equity infusion, we managed to get Rs 100 crore with great difficulty," said AAI sources.
"Private airlines complain to us that AI has the largest dues but we turn a blind eye to them. Unless our ministry allows us to take strong steps, there's no point in even threatening AI as they will know it has no meaning," AAI sources said.
Recently, oil marketing companies put AI on cashand-carry for the first time.
01/01/11 Times of India/Saurabh Sinha

To Read the News in full at Source, Click the Headline

Categories: Air India Jan 2011