With
operating performance improving, the national carrier Air India has managed to
repay Rs 415 crore to GMR Group.
The
Group operates the Delhi and Hyderabad airports.
According
to a statement issued by GMR, “The sum paid includes landing and parking
charges.
“Out
of the amount, Rs 75 crore has been received on account of operations at the
Hyderabad airport (GHIAL) and the remaining Rs 340 crore is for Delhi airport
(DIAL).”
Air
India still owes Rs 375 crore to the infrastructure group.
Hub
shift
The
airport operator feels that the payment will help improve the cash-flow and
profitability position for both airports.
The
national carrier had decided to shift its hub from Mumbai to Delhi owing to the
constraint-free capacity and efficient operations at Delhi Airport.
“The
national carrier Air India is an important business partner for us.
“It
is heartening for us to note that Air India has made large payments over the
last two months to clear the outstanding dues to the GMR group.
“We
are hopeful that Air India will clear remaining dues in an expeditious manner
to reach a regular payment status,” a GMR spokesperson said.
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