Mumbai airport's new tariff rules irk IndiGo, Air India

Airlines often delay payments beyond a due date at month-end, but the airport has to pay authorities earlier, creating working capital challenges that can be resolved by using the security deposit when needed, Bansal said.

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AIRLINES OFTEN DELAY payments beyond a due date at month-end, but the airport has to pay authorities earlier, creating working capital challenges that can be resolved by using the security deposit when needed, Bansal said.

IndiGo and Air India, which together have a share of 91% of the market in the country, did not respond to queries from Reuters.

A source with direct knowledge of the matter said the new policy would require the two airlines to make deposits of about ₹200 crore, taken together.