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CIVIL AVIATION

TDI International pays dues of Rs. 61.85 Crore to AAI Following Strong Directive from Civil Aviation Minister

New Delhi: October 10,2012

Following the strong directive given by the Union Civil Aviation Minister ShriAjit Singh to the Airports Authority of India (AAI) to recover the outstanding amount from the advertising agency TDI International India Ltd, the agency has paid an amount of Rs. 61.85 Crore to the AAI towards settlement of dues against an estimated outstanding dues of Rs. 77.05 Crore. Certain amounts due to the agency in respect of Amritsar, Jammu, Pune and Kolkata airports are under the process of reconciliation.

A committee has been constituted to reconcile the outstanding amount with the agency. As soon as the report of the committee is received the same will be intimated to the agency to settle the dues.

Shri Singh had asked the AAI to take strong action against the TDI International and recover the outstanding amount from it following a complaint of favours extended to it by the officials of the AAI. TDI International India Ltd had been given advertising rights in respect of number of airports including Chennai, Kolkata, Ahmedabad, Amritsar, Pune, Trivandrum, Calicut, Tirupati, Goa and Jammu.


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