ibnlive » Business

Jan 31, 2012 at 07:18pm IST

Airport Authority says Air India owes Rs 1,200 crore

Mumbai: State-run Air India owes the Airports Authority of India (AAI) 12 billion rupees while debt-laden private carrier Kingfisher Airlines owes 2.35 billion rupees, AAI Chairman VP Agrawal said.

"The sector is under a lot of stress, and we can't take a unilateral decision on one airline. Grounding flights (of Kingfisher) will impact revenues and reduce connectivity further," he said.

AAI is responsible for managing the civil aviation infrastructure in the country.

Airport Authority says Air India owes Rs 1,200 cr

AAI said grounding flights (of Kingfisher) will impact revenues and reduce connectivity further.

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