GMR says Kingfisher making cash and carry payments to airports

Kingfisher Airlines is making regular cash and carry payments to GMR's Delhi and Hyderabad airports, a GMR Group executive said today.

Kingfisher Airlines is making regular cash and carry payments to GMR's Delhi and Hyderabad airports, a GMR Group executive said on Tuesday.

Kingfisher owes 750 million rupees ($14.6 million) and Air India owes 4.5 billion rupees in unpaid dues to GMR Airports Holding Ltd, said Sidharath Kapur, chief financial officer, airports at GMR Group.

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Delay in these payments "may severely affect the profitability of Delhi and Hyderabad airports," he said.