New Delhi: Air India has slipped in its payments to key spare parts vendors, prompting many to stop supplies to the ailing airline.
According to sources, the dues of suppliers such as Airbus, Honeywell, Meggit International, Goodrich, Hamilton, Wesco Electrical remain unpaid, some for more than three quarters, leading to the shortage of parts that has resulted in a large part of the fleet being grounded.
Sources in the airline said the bills ran up to millions of dollars and as the vendors knew of Air India's financial difficulties, they were unwilling to give the state-run carrier more leeway.
"The whole thing boils down to the fact that our inventories of many key parts are empty and suppliers will not give us those parts unless we settle earlier bills ... a cash infusion is a must if the airline is to go about its ordinary business," the officials said.
20/08/18 Jayanta Roy Chowdhury/Telegraph
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According to sources, the dues of suppliers such as Airbus, Honeywell, Meggit International, Goodrich, Hamilton, Wesco Electrical remain unpaid, some for more than three quarters, leading to the shortage of parts that has resulted in a large part of the fleet being grounded.
Sources in the airline said the bills ran up to millions of dollars and as the vendors knew of Air India's financial difficulties, they were unwilling to give the state-run carrier more leeway.
"The whole thing boils down to the fact that our inventories of many key parts are empty and suppliers will not give us those parts unless we settle earlier bills ... a cash infusion is a must if the airline is to go about its ordinary business," the officials said.
20/08/18 Jayanta Roy Chowdhury/Telegraph
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