Tags

, , ,

The private airlines including Indigo and Jet owe Rs. 220.16 crore to the Airport Authority of India (AAI) who owns  and runs most of the Airports in the country. This was informed in the Lok Sabha today, 10th March 2016, by Civil Aviation Minister Mahesh Sharma.

This once again shows that the private companies and corporates are draining the revenues of the PSUs in many ways. The case of Mallya, the liquor baron and owner of King Fischer Airlines is well known to all. He took more than Rs.9,000 crore from the banks and have now slipped away to UK to avoid arrest and recovery of the loan.

The fact is that the government is also not taking stringent action against these corporate honchos. Otherwise how could Mallya escape to UK when look out notice is there against him?

And PSUs are criticised for bad loans, loss etc. All these should be exposed to the public.