March 14, 2012 / 7:42 AM / 5 years ago

India's Kingfisher owes 2.6 bln rupees to Airports Authority

HYDERABAD, India, March 14 (Reuters) - Debt laden Kingfisher Airlines owes 2.62 billion rupees ($52.5 million) to the Airports Authority of India (AAI), said AAI Chairman V.P. Agrawal said.

AAI is responsible for managing the civil aviation infrastructure in the country.

Earlier in the day, the debt-crippled and cash-strapped carrier said it will cut back its overseas flights as it looks to slash costs and attract funding from wary bankers and sceptical investors. ($1 = 49.9250 Indian rupees) (Reporting by Anurag Kotoky; Editing by Aradhana Aravindan)

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