AAI may put KF on cash-and-carry

New Delhi: Airports Authority of India (AAI) has issued a notice to Kinfisher Airlines for putting it on cash-and-carry from Thursday due to continued non-payment .
Kingfisher was earlier paying AAI once every fortnight but the state-run airport says that it has stopped paying from mid-October .
"Our dues are now over Rs 240 crore from Kingfisher and despite repeated reminders, the airline has not paid. We ourselves are facing a cash crunch with both Kingfisher and Air India not paying up. While nothing can be done about AI, we are left with no option but to put Kingfisher on cash-andcarry unless they make some payment," said an official. Sources also added that a cheque Kingfisher gave to Mumbai airport operators towards payment of airport charges has also bounced.
01/12/11 Saurabh Sinha/Times of India

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Categories: airports Dec 2011, Kingfisher Dec 2011