Rajeev Chandrasekhar's official website - Member of Parliament

GOVERNMENT OF INDIA
Ministry of Petroleum & Natural Gas 

RAJYA SABHA
UNSTARRED QUESTION N0.1969
ANSWERED ON DECEMBER 11, 2012 

QUESTION
Outstanding Dues of Oil Companies with Airlines 

1969. SHRI RAJEEV CHANDRASEKHAR: 

Will the Minister of  PETROLEUM & NATURAL GAS be pleased to state: 

(a)   the present status of outstanding dues of public sector oil companies against Air India and private airlines as on date, oil company-wise and airlines-wise; and 

(b)   the action proposed to be taken to recover the outstanding dues within a time-frame?

ANSWER
MINISTER OF STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS
(SMT. PANABAAKA LAKSHMI) 

(a): The status of outstanding dues of public sector oil companies against Air India and private airlines as on 15.11.2012, companies-wise and airlines-wise is as under:

(Rs. in crores)

Name of the OMC

Name of Airline

Total outstanding including interest as on 15.11.12

Total overdue including interest as on 15.11.12

Security as on 15.11.12

IOCL

Air India

2393.79

1698.79

Nil

Jet Airways

958.46

35.46

923.00

Go Airlines

99.56

Nil

115.00

Spice Jet

91.03

Nil

95.00

BPCL

Air India

636.04

368.00

Nil

Jet Airways

111.00

30.84

160.00

Go Airlines

1.41

1.41

Nil

HPCL

Air India

1034.94

504.94

Nil

Kingfisher Airlines

79.74

14.38

15.01 (plus additional corporate guarantee of Rs.200 crores)

Paramount Airways

19.28

19.28

Nil

(b): In case airlines fail to pay their dues, OMCs take action for recovery of dues in line with the mutually-agreed commercial terms between them and the Airlines and as per legal processes, inter alia also putting them on 'Cash and Carry', recovery of interest on overdue payments, encashing bank guarantee, seeking post dated cheques for outstanding dues, action of filing suit against defaulting airlines in the Court of law etc.