All the private airlines companies together owe the Public Sector Banks a huge amount of Rs. 14,573 crores. The arrears are pending for years together, but no serious action is bening taken to collect the same also. Jet Airways owes Rs. 5,899 crores while King Fischer owes Rs. 5,748 crores. What action is taken by the government to recover the arrears?
Wide publicity will be given by the media if it is Air India that owes the arrears. But when it is private airlines, they will keep mum.
VAN Namboodiri's Blog 
if i failed to pay my home EMI then the banks issue notice, but keep siletnt on these corproate defaulters.
tax payers money drain