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Govt initiates legal action against Kingfisher

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The tailfin of a Kingfisher Airlines aircraft (R) is pictured next to the tailfins of Go Air (C) and Jet Airways aircraft as it waits at a gate before departure from Mumbai's domestic airport February 21, 2012. REUTERS/Vivek Prakash/Files

The tailfin of a Kingfisher Airlines aircraft (R) is pictured next to the tailfins of Go Air (C) and Jet Airways aircraft as it waits at a gate before departure from Mumbai's domestic airport February 21, 2012.

Credit: Reuters/Vivek Prakash/Files

NEW DELHI | Wed May 9, 2012 4:52pm IST

NEW DELHI (Reuters) - All but two major airlines in India have defaulted on paying airport charges, Civil Aviation Minister Ajit Singh said on Wednesday. IndiGo, the only profitable airline in the country, and privately-held GoAir have not defaulted on airport payments, Singh told lawmakers in a written reply.

The government has initiated legal action against Kingfisher Airlines (KING.NS) "towards dishonour of the cheques submitted" by the carrier, while Jet Airways (JET.NS) and Spicejet (SPJT.BO) have been served notices on overdues, Singh said.

(Reporting by Anurag Kotoky; editing by Malini Menon)
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Comments (1)
Tradecent wrote:
Now a days, the entire news coverage is focusing on foul news or am I thinking bad? Since a week, I did not see a good news posted in any news portals. This kind of scary environment would make the common person, like me, to rethink about his/her future. Is another recession on the table? I believe so. Cross your fingers guys. Tax amendments, Bailouts, poor fund inflows, currency depreciation…..the list goes on…

May 09, 2012 8:07pm IST  --  Report as abuse
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