You are here: Home » Companies » News
Business Standard

Oil marketing firms threaten to cut supply to Air India in case of default

On Monday, the Indian Oil Corporation threatened to snap supply at eight airports over pending dues

BS Reporter 

Air India, FinMin, finance ministry, civil aviation ministry, SPV, special purpose vehicles, air india debt, air india, Air India Air Transport Service Limited, air india loan, air india loan, air india flights, air india divestment, air india stake
Air India

State have stepped up pressure on Air India, threatening to suspend supplies in case of default.

On Monday, the threatened to snap supply at eight airports over pending dues. However, supply was not discontinued, as the airline made a payment of Rs 1 billion. Air India group uplift fuel around Rs 220-230 million daily and the amount has risen over last couple of weeks because of increase in fuel prices.


“We have paid about Rs 1 billion today. We are regular in our present day payments. We have also made hike in fares and will be able to raise enough cash to make regular payments. There was no discontinuation of and our operations are normal,” said an Air India official.

An Indian Oil official confirmed that a letter had been issued on discontinuation of

First Published: Tue, October 09 2018. 00:56 IST
RECOMMENDED FOR YOU