Thursday, 3 May 2012

Kingfisher’s Default on Payments to Oil Companies

Shri Ajit Singh, the Minister of Civil Aviation informed Rajya Sabha today in a written reply that Kingfisher owes dues of Rs 279.52 crores towards landing and parking, RNFC, Licence Fee etc to Airport Authority of India (AAI). 

The Minister further informed that continuous monitoring is done by AAI to ensure that the airlines pay their dues in time. In case of default in payment by the airlines, measures like charging of penal interest, withdrawal of credit facility are taken and the airlines are put on a “Cash and Carry” policy. 

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