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Domestic airlines default on ATF dues: Pandey

By Staff
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Google Oneindia News

New Delhi, Oct 16 (UNI) The government today said the domestic airlines are defaulting on Aviation Turbine Fuel (ATF) payments, with total outstanding bills going up to Rs 859 crore.

Interacting with mediapersons here, Petroleum Secretary R S Pandey said, ''Indian Oil Corporation (IOC) has informed me that Jet Airways has not paid its outstanding payment of Rs 259 crore to the oil marketing companies (OMCs) beyond the agreed credit limit.'' Besides, Vijay Mallya-owned Kingfisher, which makes weekly payments, is still to settle its due of Rs 110 crore.

Also, Air India has an outstanding amount of Rs 606 crore as on October 8, the Secretary informed.

However, the figures of Spicejet's outstanding bill are not available.

Earlier, state-run OMCs-- Indian Oil Corp, Hindustan Petroleum Corporation and Bharat Petroleum Corporation-- have intimated airline companies that they have two weeks to settle their dues for ATF, failing which future supplies will be terminated.

UNI SBA SG HT1440

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