New Delhi, Apr 24:
Private airlines owe a total of Rs 14,573 crore to state run banks,
with loss making air carriers Kingfisher Airlines and Jet Airways
together accounting for almost 80 per cent of the outstanding as on the
second quarter of 2011?12.
While country?s second largest airline Jet Airways owes Rs 5,899
crore to public banks, the outstanding amount of struggling air carrier
Kingfisher Airlines is Rs 5,748 crore, Minister of State for Finance, Mr
Namo Narain Meena, said in a written reply to the Rajya Sabha on
Tuesday.
He was giving details of total loans given to private airlines as on the second quarter of last fiscal.
One being asked if State Bank of India, leader of consortium of
lenders to debt strapped Kingfisher Airlines, plans to lend more to the
company, Mr Meena said the lender ?has not extended any further relief
to Kingfisher Airlines?.
Kingfisher Airlines has a debt of Rs 7,057.08 crore and the
financial crunch has hit its operations with dozens of flights being
either cancelled or clubbed
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