Interest on AI dues: DIAL must seek AAI’s views
While the civil aviation ministry had partially accepted DIAL’s contention, the minister has differed. Ajit Singh has returned the file with the observation that AAI’s views must be obtained before any decision is taken on the subject.
The ministry had suggested allowing DIAL to adjust the interest charged on AI dues with its own borrowing costs. But to maintain parity the ministry has asked DIAL to reduce the borrowing rate for the AI loan to 9.5 per cent from the current 12.
“The proposal sent to the minister did not have AAI’s view on the matter and the minister has returned it without approving. He has asked us to get AAI’s views on the issue and any call on the issue will be taken by the minister only after that,” said a senior civil aviation ministry official.
AAI is opposed any such arrangements and has opposed the proposal in the consultation meetings held in the ministry. The airport operator is of the view that the interest income earned on any dues should be shared with the airport operator as it is a part of the revenue. An agreement between AAI and DIAL on operations of Delhi airport say that the latter is to share 45.66
Be the first to comment.