New Delhi: State-run airline Air India is going through a cash crisis. Due to this, oil companies have stopped supplying fuel many times. Now, this crisis is again looming over Air India. State-run oil companies said Air India was not fulfilling its commitment to pay Rs 100 crore per month. Air India owes fuel payment of Rs 5,000 crore to the three major state-run oil companies, the company had talked about paying these amounts.
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Oil companies say that if no solution is found to this problem, they will have no other option but to stop the company's fuel supply at the six major airports from Friday. IOC Finance Director Sandeep Kumar Gupta said, 'Air India had promised to pay Rs 100 crore every month to the three companies both in June and September to settle the Rs 5,000 crore arrears of fuel payments on it. But the company did not do so.
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He said that Indian Oil, Bharat Petroleum and Hindustan Petroleum would be forced to halt Air India's fuel supply if the payment was not made. Gupta said, "We have said that we will stop fuel supply at major airports from October 18. Let's see what comes out till the last date. Of the total dues of Rs 5,000 crore on Air India, Rs 2,700 crore belonging to Indian Oil. This includes the interest of Rs 450 crore'.
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