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Tag: Dues On Airlines

Its Not Black Money Dumped In Foreign Banks,Its White Rs 2,739 cr,AirLines Not Paying

[New Delhi]It Is Not Black Money Dumped In Foreign Banks But It Is White Rs 2,739 cr Which Air Lines Are Not Paying
Domestic and foreign carriers owed airport usage fee dues worth Rs 2,739 crore to the Airports Authority of India (AAI) at the end of March 2015, the government said today.
Out of the total, national carrier Air India and its subsidiaries owed the maximum of Rs 1,963 crore. Other carriers include SpiceJet+ Jet Airways+Jet Lite (India)+ IndiGo+ Go Air.
In a written reply to the Lok Sabha, Union Minister Mahesh Sharma said AAI has taken various measures to recover the dues such as charging interest on outstanding dues of delayed bills.
Various airlines were to pay airport usage fee worth Rs 2,738.87 crore to AAI at the end of March 2015, with “national carriers” owing Rs 1,962.92 crore, according to Sharma.
At that time,
foreign airlines owed Rs 388.93 crore while the domestic private carriers, including
SpiceJet and Jet Airways, had to pay Rs 387.02 crore.
However, the Minister did not disclose the names of the foreign airlines.
Besides, airlines that had to clear the dues at that time included
Go Air (Rs 32 crore),
Indigo Airlines (Rs 19.81 crore)
Air Asia (Rs 1.29 crore). Without taking names, Sharma said other private airlines owed Rs 96.85 crore to AAI.

5 Private Airlines,including Profit Making Indigo,to Pay Dues Worth Over Rs 664 Crores to AAI

[New Delhi]5 Private Airlines,including Profit Making Indigo,to Pay Dues Worth Over Rs 664 Crores to AAI
Five private carriers,including Profit Making Indigo,had to pay dues worth over Rs 664 crore to the Airports Authority of India (AAI) at the end of December 2014.
The four others are Vijay Malya’s Grounded King Fisher And SpiceJet+GoAir+Jet Group .
Payment of Dues by Private Airlines
The details of amount/dues to be paid to the Airports Authority of India (AAI) by major private airlines as on 31.12.2014 (provisional) are as follows:
Name of the airlines==Dues======Security Deposit
(Rs. in crores)
[1]Jet Group=========28.07
[2]Spice Jet=========236.53
[3]Indigo============ 45.73
[4]Go Airlines========44.04
[5]Kingfisher=172.69 + *137.27 *penal interest
Penalty of RS 137.27 Has also been booked Against Kingfisher
Airports Authority of India (AAI) has issued notices to the Spice Jet and Go Airlines Only to clear their pending dues. Security Deposit Of These Airlines Is Much Less Then Dues.
. Ajay Singh has become the promoter of Spicejet after acquiring the entire 58.46 % stake from the Marans.
Since the original promoter of SpiceJet, is now back at the helm as part of a revival plan that would also be seeing a capital infusion of Rs 1,500 crore into the low-cost carrier. and Shares of this airline rose over one per cent to Rs 24.So they have started paying back to its creditors .Co has cleared its major outstanding dues related to Income Tax (TDS) payments,
Source :Agencies