Fuel supply to Air India stopped at 6 domestic airports: Sources

Jet fuel supply to Air India has been stopped at 6 domestic airports because of unpaid dues to fuel provider Indian Oil Corp, 3 sources said Thursday. India, for years, has propped up the debt-laden airline by infusing equity to keep it alive - the govt injected US$553m into Air India in the fiscal year that ended March 31. "In the absence of equity support Air India cannot handle the huge debt service liabilities," the airline said, adding its financial performance was improving. Fuel supply to Air India has been halted since Thursday evening at 6 cities across the country including Mohali in the north, Vishakapatnam and Kochi in the south, Pune in the west and Ranchi and Patna in the east, one of the sources said. <br/>
Reuters
https://finance.yahoo.com/news/fuel-supply-air-india-stopped-161846012.html
8/22/19
ai