This is a first attempt to find a realistic explanation of the observed redshifts of quasars associated with galaxies, by considering, in addition to the inertial, also the gravitational time dilation in the strong field of quasars interpreted as huge black holes accreting matter from their surroundings. This interpretation allows us to understand the observed predominance of excess redshifts of quasars and construct possible semiquantitative models for the pair NGC 4319/Markarian 205. The proposed models do not contradict to the present astrophysical knowledge, but a selection of the most satisfactory one is still difficult because of the existing uncertainty in estimates of the sizes of radiating regions in matter accreted by a flying black hole.
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