Air India Owes Rs 2,350 Crore To AAI, SpiceJet Rs 185 Crore
Air India and SpiceJet have outstanding dues of Rs 2,350 crore and Rs 185 crore respectively to the Airports Authority of India (AAI) as on September this year, Minister of State for Civil Aviation V K Singh said on Monday.
"Some airlines have defaulted on clearance of their dues," Singh said in written response to a question in Rajya Sabha.
The AAI follows up with the airlines regularly for recovery of dues according to its credit policy, he mentioned.
Charging penal interest, encashment of security deposits along with resorting to legal action were other measures available with the AAI to carry out recovery of dues, he noted.
The AAI owns 125-odd airports across the country. Airlines have to regularly pay various charges such as landing charges and parking charges to the AAI to operate aircraft from its airports.
The minister said the outstanding dues of Air India, Alliance Air, SpiceJet and Go Air (now called Go First) up to September 2021 was Rs 2,350 crore, Rs 109 crore, Rs 185 crore and Rs 56 crore, respectively.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more