State-owned oil companies say Air India not honouring Rs 100 cr per month payment promise
FirstpostState-owned oil companies on Tuesday accused Air India of not honouring its commitment to pay Rs 100 crore every month to clear overdue ATF outstanding of over Rs 5,000 crore and will be forced to snap supplies at major airports from Friday if no solution is offered New Delhi: State-owned oil companies on Tuesday accused Air India of not honouring its commitment to pay Rs 100 crore every month to clear overdue ATF outstanding of over Rs 5,000 crore and will be forced to snap supplies at major airports from Friday if no solution is offered. “Air India had back in June and again in September agreed to pay the three oil marketing companies Rs 100 crore every month to clear past ATF dues. Total Dues including Rs 450 cr interest stand at Rs 2,700 cr pic.twitter.com/BvJ8SQIkXB — CNBC-TV18 October 15, 2019 IOC and two other oil marketing companies, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd, have served a notice on Air India that they will be forced to stop jet fuel supplies if payments are not made, he said. On 5 October, the oil companies had told Air India that if it did not make the monthly lump sum payment, they will stop fuel supply from 11 October at “six major domestic airports”.