Kingfisher Mallya isn’t the only known villain since 2010!

Six Indian carriers including beleaguered SpiceJet, now-collapsed Kingfisher Airlines and Paramount Airways jointly owe a whopping Rs 5,889 crores to the Airports Authority of India (AAI) and three state-run oil companies.

There isn’t much of a difference since 2010 December.

The current defaulters are more or less the same. Apart from figuring in this dubious list, Kingfisher owes over Rs.7000 crores to its employees and public sector banks.

 Monies owed to Airports Authority of India [AAI]

 Air India: Rs 962 crores

 SpiceJet Rs 173.09 crores

 Kingfisher Rs 172.69 crores

 GoAir: Rs 43.80 crores

 IndiGo: Rs 40.94 crores

 Jet Airways Rs 30.84 crores

Indian Oil Corporation’s receivables:

 Air India: Rs 2,148.05 crores,

 Jet Airways Rs 910.11 crores

 GoAir Rs 77.83 crores

 Bharat Petroleum’s receivables:

Air India Rs 405.54 crores

 Jet Airways Rs 143.58 crores

 GoAir Rs 1.41 crores

 Hindustan Petroleum receivables:

 Air India: Rs 691.74 crores

 Kingfisher Rs 67.72 crores

 Paramount Rs 19.28 crores

Most of these sums have turned non-performing assets [NPAs] since December 2014, sources said.

The great investigative journalists in the India that is Bharat of today are talking about Mallya and Kingfisher – that too – only now!

My reports date back to 2010!

Some of them have been blocked by Google since early February this year! And I am yet to be told why!

Press freedom in India doesn’t obviously apply to India-born Sundar Pichai!

The choice is between ha! and/or bah!

 

Advertisements

Author: haritsv

42 years' unblemished record of being an investigative journalist. Print quality journalist in 3 languages - English, Tamil, Hindi. Widely travelled, worldwide. Cantankerous and completely honest.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s