Air India put on cash-and-carry mode?


Mumbai Airport authorities have put Air India on a cash-and-carry mode after its dues mounted to Rs 450 crore, sources said today.

Mumbai International Airport Limited (MIAL), the joint venture company which runs the city airport, has communicated its decision to the Air India management, they said.

“Air India has been put on cash-and-carry mode as it failed to clear the dues in required time,” a source in MIAL here said.

The carrier has been told to pay at least Rs 200 crore by next month if it wanted to be taken off from the cash-and- carry mode, the sources said, adding “as of now their cumulative dues stand at Rs 450 crore.”

Read more at Economic Times


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