GMR says Kingfisher making cash and carry payments to airports
NEW DELHI (Reuters) - Kingfisher Airlines (KING.NS) is making regular cash and carry payments to GMR's Delhi and Hyderabad airports, a GMR Group executive said on Tuesday.
Kingfisher owes 750 million rupees and Air India AIN.UL owes 4.5 billion rupees in unpaid dues to GMR Airports Holding Ltd, said Sidharath Kapur, chief financial officer, airports at GMR Group.
Delay in these payments "may severely affect the profitability of Delhi and Hyderabad airports," he said.
(Reporting by Anurag Kotoky; Editing by Aradhana Aravindan)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Investors in India's markets are betting that Finance Minister Arun Jaitley will persuade a more hawkish central bank to reduce benchmark interest rates as early as next week. Full Article