The Debt-ridden airline Air India is struggling with the fuel problem. Due to this, the airline's flight service is also likely to be affected. At the same time, oil companies supplying fuel are also not in the mood to help Air India.
In fact, in the past, other petroleum companies (OMCs) including Indian Oil had stopped supplying fuel to Air India at 6 airports due to non-payment of dues. Now Indian Oil chairman Sanjeev Singh has defended it. Along with this, he has denied the possibilities of help to Air India. He said that there is no cash surplus with the company that it can lend a lot.
Sanjeev Singh said, "We ourselves are taking loans of about 75,000 crores annually, we are pure borrowers. This means that we are not a company with surplus cash. To support Air India, we will need to take a loan from the market. "According to Sanjeev Singh, Indian Oil lends to Air India for 90 days but the arrears have been increasing for some time and reached 240 days. .
Let me tell you that recently Indian Oil Corporation (IOC) has stopped fuel supply to Air India along with Bharat Petroleum and Hindustan Petroleum at six airports – Kochi, Pune, Patna, Ranchi, Visakhapatnam and Mohali. The fuel balance on Air India is estimated to be around Rs 5,000 crore. Due to fuel shortage, the Air India's Dreamliner aircraft could not fly from Kochi Airport for about 4 hours on Monday. There were about 300 passengers in this aircraft.
Air India chief Ashwani Lohani recently wrote a touching post on Facebook regarding the fuel crisis. In this, he said, "The restriction on Air India's fuel supply is due to lack of total funds." It has nothing to do with his performance. "According to Lohani, the huge debt owed to the company is affecting every aspect of its functioning. Even after these difficulties, we need to fly high, whatever the difficulty may be on the way. "
