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Business News/ Companies / News/  Air India, Alliance Air, SpiceJet, GoAir owe AAI over 2,700 crore in dues
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Air India, Alliance Air, SpiceJet, GoAir owe AAI over ₹2,700 crore in dues

While Air India owes AAI about ₹2,350.62 crore, Alliance Air owes the company ₹109.81 crore, SpiceJet Ltd ₹185.52 crore, and GoAir ₹56.53 crore, VK Singh said

VK Singh said that some airlines have defaulted on clearance of their dues towards AAI. Photo: Pradeep Gaur/MintPremium
VK Singh said that some airlines have defaulted on clearance of their dues towards AAI. Photo: Pradeep Gaur/Mint

NEW DELHI : Four Indian airlines owed dues to the tune of about 2,702.48 crore to the state-owned Airports Authority of India (AAI) at the end of 30 September, VK Singh, minister of state, the Ministry of Civil Aviation (MoCA) said on Monday.

Speaking to Rajya Sabha, Singh said that some airlines have defaulted on clearance of their dues towards AAI.

While Air India owes AAI about 2,350.62 crore, Alliance Air owes the company 109.81 crore, SpiceJet Ltd 185.52 crore, and GoAir 56.53 crore, Singh added.

"Airports Authority of India follows up with the airlines regularly for recovery of dues as per their Credit Policy," Singh said.

"Charging penal interest, encashment of security deposits along with resorting to legal action are other measures available with AAI to carry out recovery of dues," it added.

An AAI spokesperson was not immediately available for comments.

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ABOUT THE AUTHOR
Rhik Kundu
Rhik writes about the Indian economy and its crucial indicators. He is constantly navigating corporates, decoding policies, and dabbling with everything in between.
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Published: 06 Dec 2021, 05:22 PM IST
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