New Delhi: After troubles in the Maldives, GMR, which is the largest stake holder in a venture that runs the Delhi airport, could be on a collision course with its consortium partner the Airports Authority of India (AAI) on the issue of sharing revenues.
AAI has raised the issue of Delhi International Airport Ltd or DIAL, the consortium that runs the airport, not sharing the interest charged on Air India’s dues. The state-owned airport operator has raised the issue with an oversight committee — the OMDA Implementation Oversight Committee (OIOC).
“Our internal audit found that DIAL has not shared the interest they charge on AI dues on the grounds that the airport company had to borrow money from the market to fund their working capital requirements, which otherwise would have come from Air India. We have raised this issue and if we come across any earlier instance of them not paying us our share from the interest earned, they will have to give that money to us with interest,” said a senior AAI official.
12/12/12 Mihir Mishra/Indian Express
