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The Ghana Airports Company Limited (GACL) has revealed the full details of the significant debt owed by McDan Aviation, which led to the closure of its private jet terminal at Kotoka International Airport (KIA) on Monday, December 30, 2024.
The outstanding debt, totaling $3,995,622.66 and GHS 13,523.37, includes land leases, terminal fees, and rental charges accumulated over time. Despite repeated notices and a December 25 deadline for settlement, McDan Aviation has yet to clear the majority of the amount.
McDan Aviation, however, contested the debt figures, claiming that $2 million of the reported amount relates to a disputed land acquisition currently under litigation.
GACL’s breakdown of the arrears includes:
- Terminal 1 Rent and Fees: $640,232.48
- Block Factory, Spintex Road (5.66 acres): $1,160,827.23
- Airport Logistics Building, Spintex Road (10.63 acres): $2,168,266.75
- Courier Enclave (0.59 acres): $8,140
- Cargo Village Offices: $18,156.20 (GHS 13,523.37)
Additionally, McDan Aviation is required to pay GACL a 15% share of the gross revenue as monthly revenue returns from September 1, 2022, to November 30, 2024, which remains outstanding.
While McDan acknowledges the dispute over the land, GACL pointed out that McDan has already developed the land and is benefiting from rental proceeds without paying ground rent. GACL emphasized that earlier payment plans suggested by McDan in 2020 had failed, and it is now demanding full payment of the outstanding balance.
