|
|
|
Fuel supply to Air India stopped at 6 airports
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 22 Aug, 2019
State-owned oil marketing companies (OMCs) on Thursday evening stopped
fuel supply to national carrier Air India at six airports, following
non-payment of dues.
The OMCs, led by IndianOil, have stopped jet fuel supply at the Ranchi, Mohali, Patna, Vizag, Pune and Cochin airports.
"Fuel
supply by OMCs to Air India have been 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 IndianOil 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 said.
"Flights have been loaded with return sector fuel to ensure that operation will not get impacted."
Currently, jet fuel accounts for the 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. The airline despite its
legacy issues is performing very well," he added.
The
divestment-bound airline has not been provided with any equity support
from the government in 2019-20 to run day-to-day operations.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|