"The total traffic and non-traffic dues of private airlines as on December 31, 2012 amounts to Rs 526.75 crores to the AAI," K C Venugopal, Minister of State in the Ministry of Civil Aviation informed Lok Sabha today.
Of these, Vijay Mallya-owned Kingfisher Airlines has a due of Rs 295.50 crore, Jet Airways has Rs 82.17 crore while its subsidiary JetLite has Rs 27.62 crores.
Kalanithi Maran-owned SpiceJet owes Rs 58.77 crore, InterGlobe Aviation Ltd (IndiGo) owes Rs 9.26 crore and GoAir has a due of Rs 8.55 crore to the AAI, he said.
The Minister said dues from privately-owned airlines are monitored on regular basis and in case of delay, the AAI issues notices to the airlines to settle the dues.
The AAI also charges penal interest on the delay in the settlement of these bills. In cases where delay persists, besides encashing the security amount the defaulting airlines are put on cash and carry basis, he added.
In 2010 and 2011, 21 such incidents were reported, he said. Last year there was a drop in airprox incidents and only 15 were reported but this year till January three incidents have been reported, he added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
