Skip to content
Search

Latest Stories

Fuel supply issue delays Dubai-bound Air India flight from Southern Indian city

THE stoppage of fuel supply by oil marketing companies to Air India due to non-payment of dues delayed the take-off of a Dubai-bound Air-India Dreamliner from the Southern Indian city of Kochi here by nearly four hours on Monday (26).

The flight with about 300 passengers left for Dubai at around 13.00 instead of at 09.15 Indian Standard Time.


An airport official said fuel supply issue was the reason for the delay.

Pathanamthitta Congress MP Anto Antony said he took up the matter with the country’s minister of state for civil aviation Hardeep Singh Puri and minister of petroleum and natural gas Dharmendra Pradhan after some passengers complained about the delay.

"The issue was resolved after the Civil Aviation Minister spoke to Petroleum Minister Dharmendra Pradhan. The flight took off at 13.09 IST," the MP.

Oil marketing companies (OMCs) have stopped the supply of fuel to Air India at six airports, including Kochi, from last Thursday (22) due to non-payment of dues by the carrier.

Other airports where the fuel supply had been stopped are Visakhapatnam, Mohali, Ranchi, Pune, and Patna.

An Air India spokesperson had said on Thursday that "in the absence of equity support Air India cannot handle the huge debt service liabilities."

"Our financial performance this fiscal, however, is very good and we are moving towards a healthy operating profit. The airline despite its legacy issues is performing very well," he had said.

(PTI)

More For You

Shein-Reuters

Shein had aimed to go public in London in the first half of this year, subject to regulatory approvals in the UK and China. (Photo: Reuters)

Shein cuts valuation to £40 billion for London listing

SHEIN is preparing to lower its valuation to around £40 billion for a potential initial public offering (IPO) in London, according to three Reuters sources familiar with the matter.

This is nearly 25 per cent lower than the company's 2023 fundraising valuation as it faces increasing challenges.

Keep ReadingShow less
Northern-Superchargers-Getty

Ben Stokes and Matthew Short of Northern Superchargers walk out to bat during The Hundred match between Manchester Originals and Northern Superchargers on August 11, 2024 in Manchester, England. (Photo: Getty Images)

Sunrisers Hyderabad to acquire Northern Superchargers in £100 million deal

INDIAN Premier League franchise Sunrisers Hyderabad is set to become the first full owners of an English Hundred team after agreeing to buy Yorkshire’s Northern Superchargers for a reported £100 million.

The Sun Group will be the third IPL-linked investor in the eight-team Hundred competition, following Reliance Industries, which owns Mumbai Indians, and RPSG, which runs Lucknow Super Giants.

Keep ReadingShow less
BT-Getty

A view of the British Telecom (BT) headquarters in central London. (Photo: Getty Images)

BT to remove diversity targets from manager bonuses

BT will remove diversity, equity, and inclusion (DEI) targets from its manager bonus scheme, replacing them with a measure of overall employee engagement.

The change, set to take effect in April, follows consultation with major investors and has received “strong support,” according to the company, The Telegraph reported.

Keep ReadingShow less
India's central bank cuts interest rates for first time since 2020

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.. (Photo credit: Reuters)

India's central bank cuts interest rates for first time since 2020

THE RESERVE BANK OF INDIA (RBI) reduced interest rates on Friday for the first time in nearly five years, citing concerns over economic growth despite inflation risks.

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.

Keep ReadingShow less
Sri Lanka seeks to negotiate with Adani over renewable energy plants

Gautam Adani

Sri Lanka seeks to negotiate with Adani over renewable energy plants

SRI LANKA’S government started talks with India’s Adani Group to lower the cost of power from two wind power projects the group will build in the island nation’s northern province, the cabinet spokesman said last Tuesday (28).

Sri Lanka has been reviewing the group’s local projects after US authorities in November accused billionaire founder Gautam Adani and other executives of being part of a scheme to pay bribes to secure Indian power supply contracts. Adani has denied the allegations.

Keep ReadingShow less