Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessWire NewsKingfisher owes 2.6 bln rupees to Airports Authority

    Kingfisher owes 2.6 bln rupees to Airports Authority

    KINGFISHER:Kingfisher owes 2.6 bln rupees to Airports Authority

    March 14, 2012 / 13:22 IST

    HYDERABAD (Reuters) - Debt laden Kingfisher Airlines owes 2.62 billion rupees to the Airports Authority of India (AAI), said AAI Chairman V.P. Agrawal said.
    AAI is responsible for managing the civil aviation infrastructure in the country.
    Earlier in the day, the debt-crippled and cash-strapped carrier said it will cut back its overseas flights as it looks to slash costs and attract funding from wary bankers and sceptical investors.
    (Reporting by Anurag Kotoky; Editing by Aradhana Aravindan)

    first published: Mar 14, 2012 01:22 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347