Airports Body Seeks Guarantee From Kingfisher On Settling Sues

[It seems these insane AAI fellows have lost all  their senses. When an airlines, which has around 4000 persons in its payroll is trying to start operations, inspite of GOI pursuing a predatory Airlines Policy since the last one decade, these bullshits are bent on creating problems. These fellows, need some refresher courses on how to save a "Mammoth Enterprise" from going into bankruptcy. Bloody Idiots....!!]

New Delhi, Feb. 19:  The Airports Authority of India (AAI) has made it clear to Kingfisher Airlines that until it gives a firm commitment on settling entire dues, it will not be issued a no objection certificate (NoC).
An NoC is a must for the beleaguered airline to resume operations. The airline’s operating permit was suspended on December 31, after it failed to provide service according to its truncated schedule.
AAI’s Chairman V.P. Aggarwal claimed that total Kingfisher dues, including penal interest, stand at Rs 390 crore.
“So we are asking a firm commitment because so far, what they have committed could not be honoured. We are asking for a firm commitment on the payment of the dues,” he added. The Government-owned AAI operates about 81 airports in the country, including Chennai and Kolkata.
Asked whether the state-run airports body would settle for some ‘partial payment’ of dues, Aggarwal said “We already had some cheques (from Kingfisher). One cheque of Rs 117 crore could not be encashed.
“That’s an issue and the remaining (amount) was not covered and does not have any sort of guarantee. They have to give some guarantee. Bank cheques were presented but they bounced. A legal issue is going on.”
Talking to the reporters on the sidelines of an event here on Tuesday, Aggarwal also clarified that the airport operator had not received any concrete proposal from Kingfisher.
To a question on whether the seizure of Kingfisher aircraft due to non-payment of dues was affecting the interests of lessors and violated the Cape Town Convention, the AAI chief said “I do agree that this is a problem as far as the Convention is concerned. We will soon have a meeting with Secretary on the issue.”

News Body, Courtesy: The Hindu Businessline