AirAsia India pays all debts to airport operator

AirAsia India has paid its debts for air navigation, landing and parking fees, and other tariffs to the Airports Authority of India (AAI), which under the ownership of the country’s Ministry of Civil Aviation operates more than 100 airports, the Press Trust of India news agency reported. AirAsia India, which is currently 84% controlled by Tata Sons - now in the process of acquiring flag carrier Air India - and 16% by AirAsia Group’s AirAsia Investment Limited, said on December 29 that it had paid all its dues to the airport operator and that it was aligning all payments as per credit terms on due dates effective from September 2021. AirAsia India’s debts to the AAI had doubled in the last two years, from 14.7m rupees (US$197,000) in January 2020 to 35.8m (US$480,000) by October 2021, the news agency said quoting internal AAI documents. “We have now paid all our dues according to the contract with AAI. We are making all payments as per credit terms on due dates from September, and there are no dues after that date,” an AirAsia India spokesperson confirmed to the Press Trust of India on December 29.<br/>