AIR INDIA AIRCRAFT GROUNDED

Dino D'Amore
By Dino D'Amore December 16, 2010 21:45

AIR INDIA AIRCRAFT GROUNDED

Air India has been forced to ground four aircraft planes due to an inability to pay spares suppliers. The airline is also indebted to three airports, Kozhikode, Ahmedabad and Guwahati, which could impact operations if its outstanding fuel bills are not paid.

Airport operators and caterers have also threatened to stop services to the airline. And if the airline isn’t able to pay salaries, it will be in even more dire straights for next year.

The cabinet is meeting today to decide on a Rs.1,200 crore equity infusion to keep Air India flying.

Dino D'Amore
By Dino D'Amore December 16, 2010 21:45
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