AAI puts GoAir on ‘cash and carry’ over dues

Global medical technology major Medtronic plc said it will invest Rs 1,200 crore to scale up and expand its current R&D facility in Hyderabad into a state-of-the-art engineering and innovation center. Medtronic Engineering and Innovation Center (MEIC) will be its largest global R&D centre outside the US. "This investment planned over five years will provide a boost to Telangana's MedTech plans,” it said.

Tongwei Solar, a unit of Tongwei Co, raised multicrystalline solar cell prices by 11 per cent to 0.6 yuan per watt, according to an Aug. 10 notice on its website. The company, the world’s leading cell producer, also increased prices for three types of monocrystalline cells by 0.08 yuan per watt each, about a 9 per cent increase. The hike is the second in less than three weeks after it increased prices on July 24.

New Delhi, Aug. 11: The Airports Authority of India has decided to put GoAir on a "cash and carry basis" from Tuesday because of nonpayment of dues, meaning the low-cost airline will have to pay charges daily at AAI airports to operating flights from there, an official said.

The official said the AAI issued an order to its regional executive directors on Monday, which said, "The competent authority has approved to put the operation of GoAir on cash and carry basis out of all AAI airports with effect from

0001 hrs of 11th August

2020".

An airline has to pay various charges—air navigation, landing, parking etc—to the AAI, which works under the civil aviation ministry, to use facilities at any of its more than 100 airports.

The airports in Delhi, Mumbai, Bengaluru and Hyderabad are managed by private companies.

"GoAir is engaged in constructive discussions with AAI,” the airline's spokesperson said.