21.3 C
New Delhi
November 27, 2020
KhabriBaba
Business

IOC threatens to cut fuel supply to Air India

Reading Time: 2 minutes

State-owned Air India’s flights services are likely to be hit partially as public sector oil marketing firm Indian Oil Corporation has threatened to cut fuel supply at some of the airports from Tuesday evening on non-payment of bills, according to a source.

 

The disinvestment-bound carrier, which is incurring Rs 15 crore loss per day, has huge dues towards oil companies and Airports Authority of India, among others.

“Indian Oil Corporation has threatened to stop fuel supply at certain airports such Patna, Pune, Chandigarh, Cochin, Visakhapatnam and Ranchi for non payment of dues from 4 pm Tuesday,” the source said.

In the eventuality of the oil firm implementing its notice to Air India, there will not be fuel available to flights operating out of these airports and may impact operations as well, the source added.

In view of the IoC notice, the airline has asked its flight crew and dispatchers that they ‘must carry fuel for next sector or alternative re-routing to be planned to maximise the payload, until situation is normalised’, as per the source.

The national carrier is reportedly expected to post its highest-ever loss of over Rs 7,600 crore in the previous fiscal on account of low fleet utilisation and high fuel prices, among others.

© Copyright 2019 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

0 0 vote
Article Rating

Related posts

Finance Minister Nirmala Sitharaman said this about government bank loan

Ritu Nandal

‘Participating in sale of Virgin Australia’ says IndiGo’s largest shareholder InterGlobe Enterprises

Ritu Nandal

Do not want to waste time claiming PF? then do this thing

Ritu Nandal
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Translate »
0
Would love your thoughts, please comment.x
()
x