- Nov 3, 2010
“We have written to Kingfisher Airlines about the Rs 105.70 crore dues towards airport charges. Their response is satisfactory. Therefore, we have decided to put them on a cash-n-carry mode from May 14, 2011 and if they don't agree, then they will be banned from operating from our airport,” a senior MIAL official said.
Kingfisher is sitting on a debt pile of Rs 6,900 crore even after the recent debt recast plan by its lenders. Even after six years in operation, the Vijay Mallya-led Kingfisher is yet to turn profitable and its cheque to MIAL towards airport charges running up to Rs 105.71 crore bounced recently.