Kingfisher to meet AAI again next week

New Delhi: Cash-strapped Kingfisher Airlines will meet Airports Authority of India (AAI) officials again next week to seek a breather on the payment of airport charges. The airline, which accounts for dues worth over Rs 250 crore, was put on the cash-and-carry mode by the airports operator. It now has up to Rs 5 crore of dues over the cash-and-carry account.
On Friday, Kingfisher chairman Vijay Mallya met AAI chairman V P Agarwal to negotiate on the payment of the dues to the airports operator.
“We could not reach on an agreement today. There is a status quo till Tuesday. We will discuss the issue of providing a breather to the airline then,” said a senior AAI official, on the condition of anonymity.
Kingfisher Airlines accounts had been frozen by the income tax department, the official said. “We need to consider its problems, as the accounts have been frozen. We will try to work out some deal with the airline.”
03/03/12 Mihir Mishra/Business Standard

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Categories: airports Mar 2012, Kingfisher Mar 2012