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Kingfisher owes 2.6 bln rupees to Airports Authority
March 14, 2012 / 7:48 AM / 6 years ago

Kingfisher owes 2.6 bln rupees to Airports Authority

HYDERABAD (Reuters) - Debt laden Kingfisher Airlines (KING.NS) owes 2.62 billion rupees to the Airports Authority of India (AAI), said AAI Chairman V.P. Agrawal said.

Customers stand at a Kingfisher Airlines reservation office at the domestic airport in Mumbai, February 16, 2012. REUTERS/Vivek Prakash/Files

    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.

    Reporting by Anurag Kotoky; Editing by Aradhana Aravindan

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