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Oil Marketing Companies Stop Providing Fuel to Air India Following Non-Payment of Dues

Oil Marketing Companies Stop Providing Fuel to Air India Following Non-Payment of Dues

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Guwahati, August 23, 2019:

State-owned oil marketing companies (OMCs) have stopped fuel supply to Air India following non-payment of dues on time.

The fuel supply has been stopped at six airports - Ranchi, Mohali, Patna, Vizag, Pune, and Cochin.

India’s one of the popular airline carriers, Air India, has been facing serious crisis after the state-owned oil marketing companies (OMCs) stopped fuel supply to the national carrier.

According to reports, the airline carrier is in discussion with the fuel provider. The national carrier’s spokesperson, Dhananjay Kumar told the media that this fiscal, Air India’s financial performance was comparatively better. He added that the company was moving towards a healthy operating profit.

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The divestment-bound airline has not been provided with any equity support from the government in 2019-20 to run day-to-day operations.

It is to be mentioned here that India has been facing serious economic decline.

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