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.
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!
Press freedom in India doesn’t obviously apply to India-born Sundar Pichai!
The choice is between ha! and/or bah!