Mumbai/Delhi: Cash-strapped national carrier Air India has run into trouble with airport operators of Mumbai and Delhi. The airline is being hauled up for non-payment of pending dues and now faces a situation that the erstwhile Kingfisher Airlines had found itself in a few years ago.
The airport operator collects aircraft landing/ parking charges, terminal rentals and so on from airlines. In this regard, Air India owes Rs 450 crore to Mumbai International Airport Pvt Ltd (MIAL), said a source.
"On May 16, MIAL sent a letter to the AI chairman and the joint secretary, ministry of civil aviation, where it asked the airline to clear the dues and set a deadline of June 1 for payment of a portion of the amount. If Rs 200 crore is not paid by then, the airline will be put on 'cash and carry'," said a source. With cash and carry, the airline loses the privilege of getting a credit and would have to pay cash upfront when it needs to land, park its aircraft or use the services and facilities of the airport.
22/05/14 Times of India
To Read the News in full at Source, Click the Headline
The airport operator collects aircraft landing/ parking charges, terminal rentals and so on from airlines. In this regard, Air India owes Rs 450 crore to Mumbai International Airport Pvt Ltd (MIAL), said a source.
"On May 16, MIAL sent a letter to the AI chairman and the joint secretary, ministry of civil aviation, where it asked the airline to clear the dues and set a deadline of June 1 for payment of a portion of the amount. If Rs 200 crore is not paid by then, the airline will be put on 'cash and carry'," said a source. With cash and carry, the airline loses the privilege of getting a credit and would have to pay cash upfront when it needs to land, park its aircraft or use the services and facilities of the airport.
22/05/14 Times of India
