State-run airline Air India is unlikely to receive any immediate relief from the government as the cash-starved company is struggling to run daily operations, sources told CNBC-TV18.
Air India, which has been receiving continues funding from the government since September 2018, is yet to use guarantees worth Rs 5,000 crore out of the Rs 7,500 crore provided by the government, according to the sources.
Oil marketing companies had last week stopped the supply of aviation turbine fuel to Air India at six airports due to non-payment of pending dues, CNBC-TV18 reported on August 23, citing sources aware of the development. The fuel supply has been stopped at the airports of Patna, Kochi, Vishakhapatnam, Pune, Ranchi and Mohali.
Dharmendra Pradhan, minister of petroleum and natural gas, told CNBC-TV18 that the OMCs are independently talking to the airline on the ATF supply issue.
26/08/19 CNBC TV18
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Air India, which has been receiving continues funding from the government since September 2018, is yet to use guarantees worth Rs 5,000 crore out of the Rs 7,500 crore provided by the government, according to the sources.
Oil marketing companies had last week stopped the supply of aviation turbine fuel to Air India at six airports due to non-payment of pending dues, CNBC-TV18 reported on August 23, citing sources aware of the development. The fuel supply has been stopped at the airports of Patna, Kochi, Vishakhapatnam, Pune, Ranchi and Mohali.
Dharmendra Pradhan, minister of petroleum and natural gas, told CNBC-TV18 that the OMCs are independently talking to the airline on the ATF supply issue.
26/08/19 CNBC TV18
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