Air India makes part payment after oil companies threaten to cut fuel supply

NEW DELHI: Air India's domestic passengers out of eight primary cities, together with some state capitals, have been spared primary flight disruptions. Oil corporations on Monday morning told AI that they will no longer supply jet gasoline to aircraft of AI crew -- AI, AI Express and Alliance Air -- from 4 pm on Monday due to mounting dues. However upon getting some cost, they reportedly did not minimize the provides as threatened at: Mohali (Chandigarh), Patna, Pune, Trivandrum, Jaipur, Lucknow, Visakhapatnam and Coimbatore.
"AI was to pay about Rs 100 crore to the oil marketing companies (OMC) on Monday morning as payment for fuel uplifted over the weekend. When they did not get the same by afternoon, the stop-supply order for right places was issued. But after 1 pm they got the payment and our aircraft are getting fuel without any disruption," mentioned a senior AI official.

Indian Oil's advertising and marketing department at Coimbatore Airport despatched an order to AI station head there announcing: "We have been instructed by our head office that OMCs have decided to suspend supplies to all domestic flights of Air India group at 8 locations (from) October 8, 4 pm. This is for kind information."

AI owes about Rs 4,200 crore to OMCs as dues and current outstanding in credit length. Almost each and every provider or goods supplier to AI is looking for it's dues. Whether this contains aircraft lessors, oil corporations and airport operators.

The government is but to infuse funds into AI as per promised schedule and the extend is inflicting serious hardships in daily operations. Aviation secretary R N Choubey mentioned: "All these issues are being taken care of. AI will get funds to meet all its requirements. This ATF issue is being resolved."

The government is to present Rs 2,000 fairness to AI. Pending that, it has given sovereign guarantee of Rs three,000 crore to the airline to permit it to take elevate of that quantity from banks. AI is learnt to have raised Rs 2,500 crore loan and will elevate another Rs 500 crore in a while, say assets.
Air India makes part payment after oil companies threaten to cut fuel supply Air India makes part payment after oil companies threaten to cut fuel supply Reviewed by kailash soni on October 08, 2018 Rating: 5
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