Tuesday, February 19, 2013

Airports body seeks guarantee from Kingfisher on settling dues


New Delhi: The Airports Authority of India (AAI) has made it clear to Kingfisher Airlines that until it gives a firm commitment on settling entire dues, it will not be issued a no objection certificate (NoC).
An NoC is a must for the beleaguered airline to resume operations. The airline’s operating permit was suspended on December 31, after it failed to provide service according to its truncated schedule.
AAI’s Chairman V.P. Aggarwal claimed that total Kingfisher dues, including penal interest, stand at Rs 390 crore.
“So we are asking a firm commitment because so far, what they have committed could not be honoured. We are asking for a firm commitment on the payment of the dues,” he added. The Government-owned AAI operates about 81 airports in the country, including Chennai and Kolkata.
19/02/13 Business Line
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