No “overdues” to oil companies, says Mallya
September 23rd, 2010 - 6:40 pm ICT by IANSNew Delhi, Sep 23 (IANS) Kingfisher Airlines Thursday said it does not have any “overdues” to oil marketing companies (OMCs).
“We have given them (OMCs) a lot of money, so we do not have any overdues,” said Vijay Mallya, chairman, on the sidelines of an aviation summit.
Last month the petroleum ministry had informed parliament that the airline had a total outstanding dues of Rs 525.54 crore as on March 31. This included Rs.249.72 crore due which was within the agreed credit period and
Rs.275.82 crore overdue.
In August, the carrier was placed on a cash and carry basis by state-run Hindustan Petroleum Corporation Limited (HPCL) for defaulting on payments.
Mallya said the company’s $1 billion fund raising plan through Gross Depository Receipts (GDRs) announced earlier, was on track.
The airline flies to 58 cities in India and 8 international destinations.
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- Planning fuel imports to cut costs: Mallya - Nov 15, 2011
- Debt should be seen in comparison to size: Mallya - Oct 31, 2011
- Unfair to write Kingfisher's epitaph: Mallya (Lead) - Nov 15, 2011
- Kingfisher airlines to raise Rs.5,000 crore - Aug 31, 2010
- Oil firms increase jet fuel price by 3.70 percent - Nov 30, 2011
- Air India owes Rs.2,310 crore to oil firms - Nov 23, 2011
- Air India pays part of dues, gets accounts defreezed - Dec 08, 2011
- Mallya to ground low-cost Kingfisher Red in four months - Sep 28, 2011
- 'Kingfisher Airlines asked to pay Rs.60 crore service tax' - Apr 04, 2012
- Airlines owe Rs.1,111.85 crore to airport authority: Ravi - Aug 22, 2011
- Kingfisher Airlines scrip rises as strike called off - Apr 03, 2012
- Kingfisher negotiates with striking employees (Lead) - Apr 21, 2012
- Kingfisher employees on strike, operations not affected - Apr 21, 2012
- Mallya promises to pay employees - Apr 02, 2012
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