The Vijay Mallya-owned airline owes Rs290 crore to AAI towards landing and parking fees and the Authority insisted said that its dues must be cleared before Kingfisher is allowed to fly again
Mumbai: Spelling fresh trouble for beleaguered Kingfisher Airlines, state-run Airports Authority of India (AAI) has said it will not go by the “empty promises” of the airline management and would insist on clearance of its dues before the carrier is allowed to fly again, reports PTI.
“We will not go by the empty promises of the Kingfisher Airlines management. We want our dues to be paid (before the airline is allowed to take off again),” a highly-placed AAI source told PTI.
The grounded airline owes Rs290 crore to AAI towards landing and parking fees.
The airline’s revival plan has already run into trouble with its engineers stating recently that they would file a winding-up petition against the company for non-payment of salaries for the last eight months while a section of its former pilots has already taken the company to the court on the same issue.
Stating that the state-run airport agency will not settle for anything “short of clearing of all dues,” the source said, “despite all their talks of resuming limited operations, no official from Kingfisher has approached us in this regard”.
“We have made our position clear on Kingfisher dues also to the aviation regulator DGCA, which has to approve the revival plan,” the source said.
Kingfisher, which has over Rs15,000 crore in the form of debt, accumulated losses and various dues, has remained grounded since 1st October and its flying licence expired on 31st December.
The airline’s chairman Vijay Mallya had said Kingfisher would be up and flying by the summer with a limited number of aircraft as part of its revival plan.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam

Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.

Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.

Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
