GMR, AAI to put Kingfisher Airlines on cash-&-carry mode

2012-03-23 20

The GMR Group -- which runs Delhi and Hyderabad Airports, has decided to put Kingfisher Airlines on cash-and-carry mode from next week for payment defaults. According to a report, state-run Airports Authority of India (AAI) has also asked Kingfisher Airlines to either clear the Rs 200 crore dues by this week or be on cash-and-carry from next week.