Airport Authority says Air India owes 12 bln rupees

MUMBAI |
Tue Jan 31, 2012 12:42pm IST

MUMBAI (Reuters) – State-run Air India AIN.UL owes the Airports Authority of India (AAI) 12 billion rupees while debt-laden private carrier Kingfisher Airlines (KING.NS) owes 2.35 billion rupees, AAI Chairman V.P. Agrawal told reporters.

“The sector is under a lot of stress, and we can’t take a unilateral decision on one airline. Grounding flights (of Kingfisher) will impact revenues and reduce connectivity further,” he said.

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

(Reporting by Anurag Kotoky; Editing by Rajesh Pandathil)

Article source: http://feeds.reuters.com/~r/reuters/INbusinessNews/~3/ACTd6i4PLUI/aai-airindia-dues-idINDEE80U04V20120131

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