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Not just the Vijay Mallya's Kingfisher Airlines, various other airlines owed Rs 3,030 crore to the Airports Authority of India (AAI) for availing of fuel and other facilities at the end of December last year, it was revealed. In a reply to a question on whether Kingfisher Airlines , SpiceJet and GoAir airlines owe money to AAI, the government replied in the affirmative. Here is all you need to know about how much debt these airlines are in: (Reuters)
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Kingfisher Airlines women staff to Vijay Mallya: "You evaded the recovery process then what are you other than absconder? Due to our curse you are facing humiliation daily. You not only killed Air Deccan (which Ambanis would have, otherwise, taken over) but also our mother Kingfisher Airlines which was feeding us. You should have gracefully exited like Capt Gopinath did when he was not able to manage the airline," the letter further said. (Reuters)
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Kingfisher Airlines women staff to Vijay Mallya: "You say that you are not a defaulter. But you confidently told us during the meeting that banks won't be able to recover more than 5-10 per cent of debt amount. That speaks volumes of your malicious intentions. In the same meeting, you promised revival, payment of our salary… This clearly means that you had no intention of reviving the airline while you kept submitting misleading revival plans to banks/DGCA," the women staffers alleged in the letter. (Reuters)
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"In the case of SpiceJet, the party is paying Rs 1.50 crore every day against which Rs 1.10 crore is adjusted against current operations charges and the balance towards overdues. Bank guarantee of Rs 82.50 crore is available for adjustment/encashment in case of default,” govt revealed. (Reuters)
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With regard to GoAir, govt revealed the dues are centrally monitored on a weekly basis and notice is issued for settlement of overdues (in excess of bank guarantee). “In the case of Kingfisher Airlines, recovery suit has been filed in the Mumbai High Court for the overdues and also criminal proceedings for cheques issued by Kingfisher Airlines amounting to Rs 136.22 crore in 2012 which was dishonoured by the bank," govt noted. (Reuters)
