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.