April 10, 2012
India's Kingfisher Airlines is making regular cash and carry payments to GMR's Delhi and Hyderabad airports, a GMR Group executive said on Tuesday.
Kingfisher owes INR750 million rupees (USD$14.6 million) and Air India owes INR4.5 billion in unpaid dues to GMR Airports, said Sidharath Kapur, chief financial officer, airports at GMR Group.
Delay in these payments "may severely affect the profitability of Delhi and Hyderabad airports," he said.
