Oil companies resume fuel supply to Air India at 6 airports
5 years, 4 months ago

Oil companies resume fuel supply to Air India at 6 airports

India TV News  

PSU oil companies on Saturday resumed jet fuel supplies to cash-strapped Air India following talks mediated by the government, an official spokesperson said. Declining to give details of the agreement reached at talks earlier this week, the spokesperson said Air India has agreed to payment terms for future ATF purchases. Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd on August 22 afternoon stopped‎ fuel supplies to Air India at six airports of Kochi, Mohali, Pune, Patna, Ranchi and Vizag over payment defaults. According to the three fuel retailers, Air India owed Rs 5,000 crore in unpaid fuel bills with payments being delayed by almost eight months.

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History of this topic

US orders Air India to pay $121.5 million as passenger refunds and $1.4 million as fines
2 years, 2 months ago

US orders Air India to pay $121.5 million as passenger refunds and $1.4 million as fines

India TV News  

The US has ordered Tata-group-owned Air India to pay a whopping USD 121.5 million as refunds and USD 1.4 million as penalties for extreme delays in providing refunds to passengers due to the cancellation or change in flights, mostly during the pandemic, officials said. Air India is among the six airlines that have agreed to cough up a total of …

Air India Deliberately Shielding Senior Officials Amid Cost-Cutting Measures: Pilots' Unions
4 years, 5 months ago

Air India Deliberately Shielding Senior Officials Amid Cost-Cutting Measures: Pilots' Unions

News 18  

It is unprincipled for the senior officials of Air India to exclude their perks and entitlements from the cost-cutting measures that the airline has implemented during the last few days, said the two leading pilot unions of the carrier on Friday. Air India had on Wednesday announced up to 50 per cent reduction in monthly allowances of its employees, who …

Air India to charge commercial fares for stranded Indians
4 years, 8 months ago

Air India to charge commercial fares for stranded Indians

The Hindu  

Indian citizens, returning from the Gulf and Southeast Asian countries in the first batch of evacuation flights beginning May 7, will be charged commercial fares of upto ₹100,000 per ticket. As it is Air India is surviving on a government subsidy of ₹500 crore to ₹600 crore per month and most private airlines are hand-to-mouth and are loss making.” He …

State-owned oil companies say Air India not honouring Rs 100 cr per month payment promise
5 years, 3 months ago

State-owned oil companies say Air India not honouring Rs 100 cr per month payment promise

Firstpost  

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 New Delhi: State-owned oil companies on Tuesday accused Air India of not honouring …

Air India says fuel payment issues with oil PSUs will be resolved soon; assures customers of 'smooth' operations
5 years, 3 months ago

Air India says fuel payment issues with oil PSUs will be resolved soon; assures customers of 'smooth' operations

Firstpost  

Late August, IOCL, BPCL, HPCL had stopped fuel supplies to Air India at 6 airports of Kochi, Mohali, Pune, Patna, Ranchi and Vizag over payment defaults Mumbai: State-owned Air India on Sunday said the aviation jet fuel payment issues are being sorted out and will be resolved soon with the oil PSUs, which have warned the carrier of snapping supplies …

Fuel payment issues with oil PSUs will be resolved early: Air India
5 years, 3 months ago

Fuel payment issues with oil PSUs will be resolved early: Air India

India TV News  

State-owned Air India on Sunday said the aviation jet fuel payment issues are being sorted out and will be resolved soon with the oil PSUs, which have warned the carrier of snapping supplies at six key airports if it does not make monthly lump sum payment by October 18. In a letter sent to Air India last Thursday, the three …

Pay monthly, or will cut fuel supply at 6 airports from Oct 18: Oil companies to Air India
5 years, 3 months ago

Pay monthly, or will cut fuel supply at 6 airports from Oct 18: Oil companies to Air India

India TV News  

Issuing an ultimatum to Air India, PSU oil majors on Thursday asked it to make the monthly lump sum payment by October 18 or they will stop the fuel supply at six major airports, according to an official document. In a letter sent to Air India, the three oil PSUs -- Indian Oil Corporation Ltd, Bharat Petroleum Corp Ltd and …

Air India faces fuel supply cut, flights to get hit this week
5 years, 4 months ago

Air India faces fuel supply cut, flights to get hit this week

India TV News  

Air India might end up cancelling several flights after September 6 as the state-owned fuel retailers have threatened to cut off supplies to the cash-strapped national carrier at Hyderabad and Raipur. Last week, state-owned oil marketing companies, led by IndianOil, had stopped fuel supply to Air India at six -- Ranchi, Mohali, Patna, Vizag, Pune and Cochin -- airports over …

OMCs warn Air India of stopping fuel supply at 2 more airports over unpaid bills
5 years, 4 months ago

OMCs warn Air India of stopping fuel supply at 2 more airports over unpaid bills

Live Mint  

Mumbai: Air India's flight services, including those for Haj, are likely to be hit partially following the threat by IOC-led oil marketing companies to suspend fuel supplies at two more airports — Hyderabad and Raipur — over non-payment of dues. State-owned oil marketing firms have already stopped supplying fuel to Air India flights in Pune, Vizag, Cochin, Patna, Ranchi and …

Air India expects to report operating profit again: CMD
5 years, 4 months ago

Air India expects to report operating profit again: CMD

India TV News  

Enhancements in operating efficiency and better aircraft utilisation have aided Air India to reduce its losses during the first quarter of the current fiscal. According to Chairman and Managing Director of Air India, Ashwani Lohani, passenger revenues during the first 4 months of the current fiscal year grew by 20 per cent. Similarly, Lohani pointed out that operating profits rose …

Air India detects fake recruitment advertisement, to file FIR
5 years, 4 months ago

Air India detects fake recruitment advertisement, to file FIR

India TV News  

Air India has detected an The airline will soon file an FIR against the person or persons running this fake recruitment scheme, said one of the officials. The national carrier came to know about this fake scheme on Wednesday through social media when a person posted the "A two page fake The "We have got no building in Akola," another …

Air India owes Rs 4,500 crore in fuel dues; hasn't paid in 200 days: Oil companies
5 years, 4 months ago

Air India owes Rs 4,500 crore in fuel dues; hasn't paid in 200 days: Oil companies

India TV News  

Senior officials on Friday said that Air India owes Rs 4,500 crore to three state-owned oil firms in unpaid fuel bills with payments being delayed by almost seven months. But Air India had not been making payments and the credit period was now over 200 days," News Agency PTI quoted a senior official at one of the three state-owned oil …

Fuel supply to Air India stopped at six airports after it fails to pay dues
5 years, 4 months ago

Fuel supply to Air India stopped at six airports after it fails to pay dues

India TV News  

In a major development, fuel supply to national carrier Air India was stopped at 6 airports Thursday. Earlier in July, Air India had reported a 35 per cent slump in net profit at Rs 169 crore in the year ended March 2019, mainly on account of higher costs, even as it remained profitable for the fourth straight year. The low-cost …

Petrol excise duty cut may crimp size of Air India bailout
6 years, 3 months ago

Petrol excise duty cut may crimp size of Air India bailout

Live Mint  

New Delhi: Hopes of financially-beleaguered Air India Ltd to win a generous bailout package from the government have been dashed by last week’s surprise cuts in excise taxes on petrol and diesel. The Air India bailout deal envisages transferring part of the airline’s debt and non-core assets to a separate entity. “The ₹ 980 crore earmarked as part of the …

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