New Delhi/Mumbai: Air India has been put on cash-and-carry mode by Mumbai Airport authorities after its dues mounted to Rs 450 crore, even as the airline said it has paid about Rs 40 crore and certain outstandings were yet to be reconciled.
The GVK-led Mumbai International Airport Limited (MIAL), which runs the city airport, had on Wednesday communicated its decision to the Air India management, MIAL sources said, adding that the airline has been "put on cash-and-carry mode as it has failed to clear the dues in the required time".
The dues relate to various airport charges like those for landing, navigation, parking and other services, which an airline has to pay to the airport operator.
Air India, the sources said, has been told to pay at least Rs 200 crore by June if it wanted to be taken off from the cash-and-carry mode. "As of now their cumulative dues stand at Rs 450 crore," they said.
Discounting this, senior Air India officials told PTI that the airline had paid Rs 650 crore to GMR-led Delhi International Airport Limited (DIAL) and over Rs 100 crore to MIAL in 2013-14 to clear its backlog.
On top of this, about Rs 40 crore was paid to MIAL only on Wednesday, they said, adding that dues to MIAL and DIAL are "yet to be reconciled since they have charged us interest on certain outstanding heads, which is not acceptable to Air India."
22/05/14 Business Today
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The GVK-led Mumbai International Airport Limited (MIAL), which runs the city airport, had on Wednesday communicated its decision to the Air India management, MIAL sources said, adding that the airline has been "put on cash-and-carry mode as it has failed to clear the dues in the required time".
The dues relate to various airport charges like those for landing, navigation, parking and other services, which an airline has to pay to the airport operator.
Air India, the sources said, has been told to pay at least Rs 200 crore by June if it wanted to be taken off from the cash-and-carry mode. "As of now their cumulative dues stand at Rs 450 crore," they said.
Discounting this, senior Air India officials told PTI that the airline had paid Rs 650 crore to GMR-led Delhi International Airport Limited (DIAL) and over Rs 100 crore to MIAL in 2013-14 to clear its backlog.
On top of this, about Rs 40 crore was paid to MIAL only on Wednesday, they said, adding that dues to MIAL and DIAL are "yet to be reconciled since they have charged us interest on certain outstanding heads, which is not acceptable to Air India."
22/05/14 Business Today
