Delhi MCD Election Results 2017

Source: media reports

Nacil owes Rs1,141 cr to AAI and oil companies

Nacil owes Rs1,141 cr to AAI and oil companies
PTI
Comment E-mail Print Share
First Published: Tue, Jul 07 2009. 03 51 PM IST
Updated: Tue, Jul 07 2009. 03 51 PM IST
New Delhi: The National Aviation Company of India ltd (Nacil), which runs the government’s flagship carrier Air India, owed Rs1,141.33 crore to the Airports Authority of India (AAI) and oil marketing companies as on 31 March 2009, Rajya Sabha was informed on Tuesday.
Private carrier Kingfisher owed Rs988.93 crore to oil companies and the Authority, while Jet-JetLite combine owed Rs722.47 crore at the end of March, 2009.
The amount owed by low cost carriers SpiceJet, Indigo and GoAir to AAI till 31 March, was Rs13.86 crore, Rs5.17 crore and Rs8.18 crore respectively. Paramount Airways held dues of Rs12.23 crore to the Authority.
Nacil has to pay Rs599.26 crore to AAI and another Rs542.07 crore to oil marketing firms, minister for civil aviation Praful Patel said in a written reply to a question in Rajya Sabha.
“In case of default of payment of dues by airlines, OMCs (oil marketing companies) take action for recovery of dues in line with the mutually agreed commercial terms between the airlines and OMCs. The defaulting airlines are also put on ‘Cash and Carry’ and interest is recovered on all overdue payments,” Patel said.
In case of failure of airlines to pay the dues to AAI, the Authority levies interest for the overdue period on the defaulting airlines. The security deposits as bank guarantee and fixed deposits is encashed wherever necessary. Security deposits in respect of defaulting airlines is suitably increased based on their operations and dues, he said.
Comment E-mail Print Share
First Published: Tue, Jul 07 2009. 03 51 PM IST