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Private airlines owe Rs 274 cr to AAI

Private airlines in the country owe Rs 274.19 crore to the Airports Authority of India (AAI) as of October-end, with Kingfisher being ahead of Jet Airways and SpiceJet leading the pack of low-cost carriers. - "Delhi, Mumbai airports got over 4 points in service quality" - AAI raised Rs 380 cr this year; fares to remain unchanged - AAI seeks assistance from govt for loss making NE operations - Four greenfield airports get Cabinet nod - CPI leader seeks enquiry into pvt airlines" demand for bailout - Swine flu likely to impact leisure travel Sensex ends up 35pts SpiceJet had dues of Rs 15.42 crore, followed by JetLite (Rs 14.66 crore). GoAir and Indigo had arrears of Rs 9.08 crore and Rs 8.72 crore, respectively. The all-business-class carrier Paramount Airways owed Rs 8.53 crore as on that date. For realising the arrears, "interest is levied on the defaulting airlines for the delayed settlement of AAI dues", Civil Aviation Minister Praful Patel said in a written reply to a question in the Lok Sabha. In case of sustained default, the security deposit furnished by the airlines in the form of bank guarantee/ fixed deposit is encashed, he said. If necessary, credit facility to the airline is withdrawn and the defaulting airline"s operations are put on cash & carry basis, Patel said.

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