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Kingfisher Airlines faces AAI’s alarm over dues of around Rs 200 crore

25 Jul 2011 Evaluate

Kingfisher Airlines is likely to receive notice from Airports Authority of India (AAI) to expeditiously clear its dues for non-payment of airport charges, totaling around Rs 200 crore. The AAI has received cheques from Kingfisher issued without date totaling around Rs 130 crore, to partially settle the airline's dues to the public sector airports operator.

The company had last month paid Rs 20 crore to AAI as part-clearance of its dues for April and May, the officials said, adding its total dues stood around Rs 205 crore for services and facilities rendered during the past six months. Kingfisher has been on a 'cash- and-carry' arrangement since June one. Under this arrangement, they have to make daily payments to the airport operator or risk having their flights cancelled as the services and facilities at the airports would not be offered to them.

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