Oil Marketing Companies (OMCs) had to take the joint decision to stop fuel supply to Air India from six airports in the wake of long overdue payments to the tune of Rs 5,000 crore including the interest accrued on the outstanding dues, Indian Oil Corporation (IOC), the country’s largest fuel retailer said in a statement.
The three OMCs were constrained to suspend supply of jet fuel to Air India and Alliance Air flights at six airports – including Kochi, Mohali, Pune, Ranchi, Patna and Visakhapatnam – beginning 22 August 2019 due to mounting outstanding dues from the airline and their ramifications for their working capital requirements.
“Vide letter dated 14 August 2019, the Air India management was intimated by the PSU OMCs regarding their decision to stop fuel supplies at the aforementioned airports with effect from 22 August 2019. Air India uplifts about 250 kilolitres of ATF at the above six airports on a daily basis,” the statement said. Read More
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