Jet Airways Delays Some Airport Payments

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Published: April 12, 2012

Indian carrier Jet Airways said on Wednesday there has been some delays in its payments to airports due to rising fuel costs and a depreciating rupee.

“However, large part of our outstandings are backed by bank guarantees,” the airline said in a statement.

A senior government official said Jet Airways owes about INR220 million rupees (USD$ 4.28 million) to Bangalore airport.

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