New Delhi: The aviation ministry has turned down Delhi International Airport Pvt Ltd's (DIAL) plea to deduct its dues from Air India from the revenue it shares with the Airports Authority of India (AAI).
With AI's dues mounting to almost Rs 700 crore and DIAL required to share 46% of all income accrued, the GMR-backed airport operator had petitioned the Prime Minister's Office (PMO) to deduct dues of AI from payment to AAI. It said that the state-run authority would be paid as soon as AI clears its dues.
The request was recently forwarded to the aviation ministry , which has now turned it down.
"The Mumbai and Delhi airport JVs have to share revenue with AAI on accrued — and not received — basis. AI has dues to AAI, Delhi and Mumbai . Yet Mumbai, which shares 38% revenue, borrows money to pay AI's accruals and gave about Rs 700 crore to the authority . DIAL, on the other hand, is not giving 46% share on AI accrual ," said a senior official.
25/10/12 Saurabh Sinha/Times of India
To Read the News in full at Source, Click the Headline
With AI's dues mounting to almost Rs 700 crore and DIAL required to share 46% of all income accrued, the GMR-backed airport operator had petitioned the Prime Minister's Office (PMO) to deduct dues of AI from payment to AAI. It said that the state-run authority would be paid as soon as AI clears its dues.
The request was recently forwarded to the aviation ministry , which has now turned it down.
"The Mumbai and Delhi airport JVs have to share revenue with AAI on accrued — and not received — basis. AI has dues to AAI, Delhi and Mumbai . Yet Mumbai, which shares 38% revenue, borrows money to pay AI's accruals and gave about Rs 700 crore to the authority . DIAL, on the other hand, is not giving 46% share on AI accrual ," said a senior official.
25/10/12 Saurabh Sinha/Times of India
