Jet Airways says cleared all dues to AAI

Image
Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 9:59 PM IST

Private air-carrier Jet Airways today said its landing and parking fees outstanding were well within the normal credit limits prescribed by the Airports Authority of India (AAI).        

"Jet Airways and JetLites' outstanding with the AAI as on March 31, 2008, stood at a very small fraction and well within the normal credit limit," Jet Airways Chief Executive Officer Wolfgang Prock-Schauer said in a statement sent to PTI here.        

The dues were subsequently fully cleared in April, he said.       

It is pertinent to note here Jet Airways also has security deposits with the AAI in the form of bank guarantee at any point of time, Prock-Schauer noted.        

The assertion by India's largest private airline came in the wake of reports that several domestic air-carriers owed AAI around Rs 1,000 crore as landing and parking fees.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 02 2008 | 2:22 PM IST

Next Story