Five domestic airlines owe Rs2,225 crore to three oil PSUs

20 Jul 2009

1

New Delhi: Indian private and state-owned air carriers, Kingfisher Airlines, Jet Airways, National Aviation Company of India Ltd, Paramount Airways and SpiceJet, cumulatively owe Rs2,225.52 crore to public sector oil marketing companies as of the month of May, minister for petroleum and natural gas, Murli Deora, informed the Lok Sabha on Thursday.

While Kingfisher Airlines owed the three oil marketing companies a whopping Rs950.46 crore, Jet Airways had an outstanding of Rs760.07 crore and NACIL owed Rs472.93 crore by May, the minister said.

Chennai-based Paramount Airways had to pay Rs25.82 crore and Delhi-based SpiceJet owed Rs16.24 crore, the minister added.

The three OMCs owed these sums of money are Indian Oil Corporation, Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd.

The outstanding of the five airlines to the three oil marketing firms had stood at Rs3,658.06 crore till the end of December last year.

At that time the outstanding against NACIL was Rs1,311.91 crore, Jet Airways (Rs1,266.21 crore), Kingfisher Airlines (Rs1,030.08 crore), Paramount (Rs36.56 crore) and SpiceJet (Rs13.30 crore), the minister said.

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