Fuel supplies restored to debt-ridden Air India

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In 2018, the Indian government shelved plans to sell a 76% stake in Air India after failing to attract any bidders.

Fuel supplies have been restored to debt-ridden Air India at six airports following government-mediated talks, after a two-and-half-week suspension by oil companies over the late payment of dues, local media reported.

Following the talks, Air India agreed to pay them one billion rupees a month to clear the debt, an airline spokesman told the Press Trust of India late Saturday.The airline had continued to fly from the six locations -- -- Pune, Ranchi, Patna, Mohali, Kochi and Vishakhapatnam -- by looking at alternative routes and filling up on fuel elsewhere.

The airline, founded in 1932, was once the country's monopoly airline, known affectionately as the"Maharaja of the skies".

 

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