New Delhi: More than a year after Kingfisher Airlines suspended its operations and left thousands of customers waiting for refunds for cancelled flights, several travel companies including IRCTC, Make-MyTrip, Yatra and Expedia have resorted to refunding customers from their own pockets and writing off the amount as bad debt.
While most travel firms were not willing to disclose the figure, a person familiar with the matter said the refunds amounted to several crores of rupees. Customers and several travel agencies are the newest to join the queue of creditors, after employees, airports and lenders. "There are huge refunds against cancelled flights that are yet to be given by the airline.
Read n ews in full 09/10/13 Yashodhara Dasguta/Economic Times
Sunday, 13 October 2013
Kingfisher Airlines' defaults: Travel cos like MakeMyTrip, Yatra, IRCTC pay refunds to passengers
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