Oil firms stop fuel supply to Air India, at least 5 flights grounded at Mumbai airport!

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NDTV Correspondent, Updated: August 10, 2011 18:36 IST.

New Delhi:  Public sector oil firms have stopped fuel supply to Air India saying that the airline has failed to clear its dues for Tuesday. The oil firms had given Air India time till 5:30 pm today for clearing its dues.

At least five flights were reportedly cancelled within an hour of the announcement at the Mumbai airport.

Since November 2010, the airline is dealing with these oil firms on a cash-and-carry basis.

01)  Only Last Week GoI has released Rs. 1,200/- Crores as a relief;

02)  Anyway, this kind of periodic Governmental Infusion serves no purpose;

03)  If it cannot become profitable on its own, it should be dissolved or handed over to a private airlines through open auction.

Full Story at,

http://www.ndtv.com/article/india/oil-firms-stop-fuel-supply-to-air-india-at-least-5-flights-grounded-at-mumbai-airport-125782