New Delhi: The civil aviation ministry is trying to reap benefits for Air India from the ongoing dispute between the Airports Authority of India (AAI) and the Delhi International Airport Ltd or DIAL over revenue sharing.
The ministry has suggested that DIAL (consortium that runs the Delhi airport) bring down the interest rate charged on Air India’s dues to a rate it pays to its borrowings. But people in the know say that it is easier said than done.
The dispute started with DIAL not sharing the interest charged on Air India’s dues with AAI on the ground that they have borrowed the same amount from banks to fund their working capital requirements. An agreement between AAI and DIAL says the latter is to share 45.66 per cent of its total revenues with AAI and interest on dues is considered as revenues. The state-owned airport operator had reported the matter to an oversight committee — the OMDA Implementation Oversight Committee.
24/12/12 Mihir Mishra/Indian Express
