Panic absorbed in Air India for a few hours afterwards the Oil Business Companies (OMCs) on Monday abeyant ATF accumulation for Air India calm flights for few hours attributable to acquittal default. Refueling of all calm Air India flights from eight locations was stopped. This includes Mohali, Patna, Pune , Trivandrum, Lucknow, Vishakhapatnam, Coimbatore, Jaipur. However, it was resumed afterwards by OMCs afterwards Air India paid their ante partially. The oil business companies accept beforehand threatened to stop ATF to Air India unless it clears its ammunition bill on a circadian base alike as the civic carrier’s ante to oil companies accept beyond Rs 5,000 crore.
“We accept been instructed by our Head Office that Oil Business Companies accept absitively to append food to all calm flights of Air India accumulation at eight locations. Mohali, Patna, Trivandrum, Jaipur, Lucknow, Visakhapatnam and Coimbatore from 4 pm on October 8,” Bindu R, Chief Airport Terminal Manager said in a letter to base managers of Air India.
According to sources, it was resumed afterwards by OMCs afterwards Air India paid their ante partially. Air India so far has been advantageous Rs 20 crore circadian but has been behind on payments lately. The Oil business companies now want accomplished ante to be austere first. This move comes at a time back rupee is all time low and awkward prices are ascent which is affliction the financials of all airline companies. The oil companies accept been discussing with Air India to bright ante account Rs 5000 crore that are awaiting for a while now.
The Government has already alloyed about Rs 980 crore into the airline as disinterestedness and accepted the airline absolute agreement to accession Rs 2,000 crore from banks. Out of this, Air India has already aloft Rs 1,500 crore and can accession Rs 500 crore more. “The airline can accession that Rs 500 crore and pay a allotment of it to the oil companies,” said an official quoted earlier.
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