Friday, 27 May 2011

Air India cancels 5 flights as oil companies stop fuel supply



An Air India aircraft

Air India pays oil companies Rs 22.5 crore everyday now.


At least five flights of Air India (AI) were cancelled on Friday after the public sector oil marketing companies stopped cash and carry terms to the airline on Friday morning.
The oil companies' decision forced the
national flag carrier to cancel the flights from Thiruvananthapuram, including an international flight to Riyadh. The passengers strongly protested the cancellations as they were informed about it at the airport.
Like other private carriers, Air India also owes a huge amount to the oil companies. According to sources, its liability to the oil companies stood at Rs 1,200 crore.
Oil companies had introduced the cash and carry terms earlier this year. AI pays oil companies Rs 22.5 crore everyday now

India Today

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