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Payment of dues by Airlines to AAI
Payment of dues by Airlines to AAI04-Dec-2009 |
Airline Code [AIC]
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Go Air - 908.67 lakhs, Interglobe Aviation Ltd. (Indigo)-872.78 lakhs, Jet Airways - 4986.62 lakhs, Jetlite (India) Ltd. - 1466.60 lakhs, Kingfisher Airlines - 16792.19 lakhs, Paramount Airways - 853.96 lakhs and Spicejet Ltd. - 1542.42 lakhs. This information was given by the Minister of Civil Aviation, Shri Praful Patel in Lok Sabha today. In the case of defaulting airlines, AAI takes action to realize their dues by way of: - • Interest is levied on the defaulting airlines for the delayed settlement of AAI dues. • In case of sustained default, wherever necessary, the Security deposit furnished by the airlines in form of Bank Gurantee/Fixed Deposits is en-cashed. • Security Deposit in respect of defaulting airlines is suitably increased based on their operational/dues. • If necessary, credit facility to the airline is withdrawn and the defaulting airline's operations are put on Cash & Carry basis.
(c) Centre for Asia Pacific Aviation. Date posted: 04-Dec-09 In-depth analysis of the Indian airline and airport sectors, including latest traffic and financial reports and outlooks, is available each month in the Monthly Essential India. http://centreforaviation.com/minisites/mei/
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