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KFA making cash and carry payments to airports: GMR

Reuters  |  New Delhi 

Kingfisher Airlines is making regular cash and carry payments to GMR's Delhi and Hyderabad airports, a GMR Group executive said on Tuesday.

Kingfisher owes Rs 75 crore and Air India owes Rs 450 crore in unpaid dues to GMR Airports Holding Ltd, said Sidharath Kapur, chief financial officer, airports at GMR Group.

Delay in these payments "may severely affect the profitability of Delhi and Hyderabad airports," he said.

First Published: Tue, April 10 2012. 11:06 IST