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Saturday 14-May-2011

Kingfisher pays dues to avert showdown with MIAL

The MIAL had earlier this month threatened to prevent Kingfisher Airlines from operating out of its premises from today if the pending dues worth Rs 105.71 crore were not cleared.

By  Traveltechie Bureau | Mumbai

The debt-laden Kingfisher Airlines today averted a major showdown with the Mumbai International Airport (MIAL), which had threatened to ban its operations over a payment default, by clearing the dues towards airport charges.

"We have received a cheque payment for Rs 105.71 crore and with that the issues regarding payment default has been resolved. The airline can operate normally from our airport," said Mumbai International Airport President Rajiv Jain

The MIAL had earlier this month threatened to prevent Kingfisher Airlines from operating out of its premises from today if the liquor baron Vijay Mallya-promoted carrier did not clear the dues worth Rs 105.71 crore towards airport fees or opt for a cash-n-carry mode of payment.