New Delhi, Oct 15 (SocialNews.XYZ) National passenger carrier Air India has asked the Centre to release equity payment due to the airline to pay up for past fuel bills that are owed by the company.
The development comes after oil marketing firms have again threatened to suspend fuel supplies to the airline.
According to a senior Air India official, the government has been approached for infusing equity that it owes to the airline, so that the company can pay up fuel retailers.
The official said that at present, Air India is able to meet its daily fuel requirement by paying Rs 18 crore but is unable to pay up for the backlog of dues.
"We are making day-to-day payments of Rs 18 crore. However, dues can not be paid as the airline can not finance such huge burden on its own," the official told IANS.
"We have again requested the government for equity infusion."
Notably, the centre has not infused any funds into the airline during 2019-20.
The development comes after the OMCs have threatened to suspend fuel supply to the airline over its massive due amount of over Rs 2,500 crore.
On August 22, oil marketing firms had stopped fuel supply to Air India at six airports.
However, it was restarted on September 7.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
