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Air India Flights can be cancelled after 18 Oct, as all three major oil PSUs warn the airlines of not supplying them with fuel from October 18.
This can lead to the cancellation of flights, and we wonder how Air India will come up with a solution for this.
However, Air India has assured that they will resolve the issue and there is no need for passengers to worry.
Here is what happens between the PSUs and Air India!
Three major oil PSUs – Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) issued a letter warning the airlines of clearing their monthly lumpsum amount by October 18. If not paid, the PSUs threatened to cut Air India off.
The letter says, “the outstanding has not come down considerably in the absence of the committed monthly lump sum payment.”
If Air India does not pay its dues by October 18, there are no doubt future Air India flights will be cancelled.
Now it is in the news that Air India has assured its passengers that they are looking into the payment issues and advise passengers not to panic about this.
Air India spokesperson Dhananjay Kumar said, “Air India has taken all measures to ensure that flights are not disrupted and passengers do not face inconvenience at all. There is no reason for any concern to the esteemed Air India passengers.”
The Government is also looking to sell off its shares in Air India which is neck-deep in debt of Rs. 60,000 crore from November. Air India reported a loss of around Rs. 8400 crores in 2018-19.
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