The ailing Kingfisher Airlines ( KFA) has started discussions with Delhi International Airports Limited ( DIAL) for rescheduling its dues, a top official of GMR Group said.
'They (KKA) were passing through a difficult phase. They had drawn up a schedule earlier. But unfortunately they could not meet it. There is a dialogue going on for the revised schedule,' PS Nair, CEO Corporate (Airport Sector), GMR Group, major shareholder of DIAL, said without divulging details of the rescheduled package.
KFA owes around Rs56 crore to DIAL.
Mr Nair said KFA is currently running its operation at Delhi Airport on cash and carry basis by paying Rs25 lakh a day.
Responding to a query on Air India, he said the management of the state-owned air carrier has assured to clear its dues of about Rs250 crore given that a package for reviving the airliner has been approved by the Cabinet Committee on Economic Affairs ( CCEA).
'If you look at the receivables, the major is Air India. With Rs30,000 crore infusion, we were assured by the Air India management that they have no intension of holding back our ( DIAL) dues,' Mr Nair added.
Recently the CCEA announced a turnaround package for Air India with Rs30,000 crore equity infusion over a nine-year period and induction of 27 Boeing 787 Dreamliners.
DIAL is a consortium of the GMR Group (50.1%), Fraport AG (10%), Malaysia Airports (10%), India Development Fund (3.9%) and the Airports Authority of India (26%) stake.
On Male's International Airport, Mr Nair further added that the company has already started work on a new terminal that will have capacity to handle five million passengers and is expected to be ready by 2014.
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'They (KKA) were passing through a difficult phase. They had drawn up a schedule earlier. But unfortunately they could not meet it. There is a dialogue going on for the revised schedule,' PS Nair, CEO Corporate (Airport Sector), GMR Group, major shareholder of DIAL, said without divulging details of the rescheduled package.
KFA owes around Rs56 crore to DIAL.
Mr Nair said KFA is currently running its operation at Delhi Airport on cash and carry basis by paying Rs25 lakh a day.
Responding to a query on Air India, he said the management of the state-owned air carrier has assured to clear its dues of about Rs250 crore given that a package for reviving the airliner has been approved by the Cabinet Committee on Economic Affairs ( CCEA).
'If you look at the receivables, the major is Air India. With Rs30,000 crore infusion, we were assured by the Air India management that they have no intension of holding back our ( DIAL) dues,' Mr Nair added.
Recently the CCEA announced a turnaround package for Air India with Rs30,000 crore equity infusion over a nine-year period and induction of 27 Boeing 787 Dreamliners.
DIAL is a consortium of the GMR Group (50.1%), Fraport AG (10%), Malaysia Airports (10%), India Development Fund (3.9%) and the Airports Authority of India (26%) stake.
On Male's International Airport, Mr Nair further added that the company has already started work on a new terminal that will have capacity to handle five million passengers and is expected to be ready by 2014.
....more info