Chennai: With Airports Authority of India’s (AAI) accounting mechanism working in full tilt to determine exactly how much Spicejet’s outstanding bill is, the figure they’ve arrived at is a shade over `170 crore.
Highly-placed sources in AAI confirmed that the sum owed by the airline had been accrued over the last two quarters, with residual bills and charges from smaller airports.
“There was a certain deposit that the airline had given us when they began services and once we took that into account, we realised that the dues had swollen to about `170 crore. These charges had been built up over the past few months, mostly in landing and navigation charges,” said the source speaking from AAI’s headquarter in Delhi.
Rather frighteningly, this is twice the sum that Kingfisher had defaulted on to AAI a little before their operations ground to a halt in 2012. Airlines often clear their parking, landing and handling dues either on a monthly basis or quarterly, depending on their contract with AAI. Defaulting on fees often prompts notices or even stoppage of flight services, releasing them only on cash-and-carry mode.
16/12/14 New Indian Express
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Highly-placed sources in AAI confirmed that the sum owed by the airline had been accrued over the last two quarters, with residual bills and charges from smaller airports.
“There was a certain deposit that the airline had given us when they began services and once we took that into account, we realised that the dues had swollen to about `170 crore. These charges had been built up over the past few months, mostly in landing and navigation charges,” said the source speaking from AAI’s headquarter in Delhi.
Rather frighteningly, this is twice the sum that Kingfisher had defaulted on to AAI a little before their operations ground to a halt in 2012. Airlines often clear their parking, landing and handling dues either on a monthly basis or quarterly, depending on their contract with AAI. Defaulting on fees often prompts notices or even stoppage of flight services, releasing them only on cash-and-carry mode.
16/12/14 New Indian Express
