Monday, August 26, 2019

Fuel Supply cut to Air India due to fund crunch, to not affect operations, says CMD

The beleaguered public carrier Air India’s CMD has tried to justify various reports the airline has been denied fuel supplies in six airports around the country. He says that this is due to non-payment of fuel bills for over 200 days.

Ashwani Lohani, the CMD of Air India, has issued a statement claiming that this action by the three state-owned oil companies, Indian Oil, Hindustan Petroleum and Bharat Petroleum does not have any bearing on the airlines’ day to day operation nor the plans afoot to revive the organization.

The decision to stop supplying aviation turbine fuel to the aircrafts of Air India and Alliance Air, at Mohali, Patna, Kochi, Vizag, Pune, and Ranchi airports does put the carrier at a great disadvantage and damages its reputation in the process. Reports indicate that the overall outstanding to all three oil companies has touched the figure of Rs 5,000 crore and some of the bills due for release of payment are as old as 230 days, much beyond the 90-day period agreed on.
26/08/19 S. Mahadevan/News Minute
To Read the News in full at Source, Click the Headline


Post a Comment