Jet Airways Delays Some Airport Payments

April 11, 2012

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Indian carrier Jet Airways said on Wednesday there has been some delays in its payments to airports due to rising fuel costs and a depreciating rupee.

"However, large part of our outstandings are backed by bank guarantees," the airline said in a statement.

A senior government official said Jet Airways owes about INR220 million rupees (USD$4.28 million) to Bangalore airport.

(Reuters)