INSUBCONTINENT EXCLUSIVE:
on Thursday evening stopped fuel supply to national carrier Air India at six airports, following non-payment of dues.The OMCs, led by Indian
stopped on Thursday evening due to non payment of dues
However, we are in touch with the airline and are hopeful of a resolution," a senior Indian Oil official told IANS.An airline official told
IANS here that discussions are underway to resolve the matter and Air India has already paid Rs 60 crore as lump sum on this account."We are
in discussion with the OMCs to resolve the issue
Additionally, we have also paid Rs 60 crore for past supplies and made today's (Thursday) payments as well," a senior Air India official
largest chunk of the operating cost for airlines.According to Air India spokesperson Dhananjay Kumar: "In the absence of equity support Air
India cannot handle the huge debt service liabilities.""Our financial performance, however, this fiscal is very good and we are moving
towards a healthy operating profit
support from the government in 2019-20 to run day-to-day operations.Get Breaking news, live coverage, and Latest News from India and around
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