New Delhi: Ailing national carrier Air India owes over Rs 4,277 crore in outstanding jet fuel (ATF) bills to state-owned oil companies, the largest overdue payment by any domestic air carrier.
Unlike private carriers such as Jet Airways and Kingfisher Airlines, Air India has not given any security as insurance against default, Minister of State for Petroleum & Natural Gas Panabaaka Lakshmi informed Lok Sabha on Friday.
In a written reply to a question, the Minister of the total outstanding of Rs 4,277.11 crore as on December 31, 2012, a sum of Rs 2,639.65 crore is overdue payment.
Overdue payment is the outstanding that has remained unpaid even after expiry of a 90 day credied by the oil companies.
09/03/13 Deccan Herald
