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    DGCA has begun 2 month special audit of airlines, due to rising tech snags

    DGCA has begun 2 month special audit of airlines, due to rising tech snags

    NASA Boeing 747 damaged in New Zealand Due to Severe Weather

    NASA Boeing 747 damaged in New Zealand Due to Severe Weather

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    Air France aircraft back to Paris after “Technical issues” | Exclusive

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    Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

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    DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

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    Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

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      DGCA has begun 2 month special audit of airlines, due to rising tech snags

      DGCA has begun 2 month special audit of airlines, due to rising tech snags

      NASA Boeing 747 damaged in New Zealand Due to Severe Weather

      NASA Boeing 747 damaged in New Zealand Due to Severe Weather

      Air France aircraft back to Paris after “Technical issues” | Exclusive

      Air France aircraft back to Paris after “Technical issues” | Exclusive

      Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

      Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

      Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

      Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

      DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

      DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

      Jet Airways gets air operator certificate from DGCA

      Jet Airways lenders threaten to go bankrupt, Regarding rental revenue | Exclusive

      Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

      Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

      Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

      Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

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        DGCA has begun 2 month special audit of airlines, due to rising tech snags

        DGCA has begun 2 month special audit of airlines, due to rising tech snags

        NASA Boeing 747 damaged in New Zealand Due to Severe Weather

        NASA Boeing 747 damaged in New Zealand Due to Severe Weather

        Air France aircraft back to Paris after “Technical issues” | Exclusive

        Air France aircraft back to Paris after “Technical issues” | Exclusive

        Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

        Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

        Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

        Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

        DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

        DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

        Jet Airways gets air operator certificate from DGCA

        Jet Airways lenders threaten to go bankrupt, Regarding rental revenue | Exclusive

        Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

        Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

        Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

        Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

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        DGCA has begun 2 month special audit of airlines, due to rising tech snags

        DGCA has begun 2 month special audit of airlines, due to rising tech snags

        NASA Boeing 747 damaged in New Zealand Due to Severe Weather

        NASA Boeing 747 damaged in New Zealand Due to Severe Weather

        Air France aircraft back to Paris after “Technical issues” | Exclusive

        Air France aircraft back to Paris after “Technical issues” | Exclusive

        Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

        Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

        Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

        Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

        DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

        DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

        Jet Airways gets air operator certificate from DGCA

        Jet Airways lenders threaten to go bankrupt, Regarding rental revenue | Exclusive

        Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

        Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

        Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

        Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

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          DGCA has begun 2 month special audit of airlines, due to rising tech snags

          DGCA has begun 2 month special audit of airlines, due to rising tech snags

          NASA Boeing 747 damaged in New Zealand Due to Severe Weather

          NASA Boeing 747 damaged in New Zealand Due to Severe Weather

          Air France aircraft back to Paris after “Technical issues” | Exclusive

          Air France aircraft back to Paris after “Technical issues” | Exclusive

          Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

          Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

          Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

          Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

          DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

          DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

          Jet Airways gets air operator certificate from DGCA

          Jet Airways lenders threaten to go bankrupt, Regarding rental revenue | Exclusive

          Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

          Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

          Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

          Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

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            DGCA has begun 2 month special audit of airlines, due to rising tech snags

            DGCA has begun 2 month special audit of airlines, due to rising tech snags

            NASA Boeing 747 damaged in New Zealand Due to Severe Weather

            NASA Boeing 747 damaged in New Zealand Due to Severe Weather

            Air France aircraft back to Paris after “Technical issues” | Exclusive

            Air France aircraft back to Paris after “Technical issues” | Exclusive

            Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

            Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

            Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

            Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

            DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

            DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

            Jet Airways gets air operator certificate from DGCA

            Jet Airways lenders threaten to go bankrupt, Regarding rental revenue | Exclusive

            Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

            Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

            Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

            Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

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          Home » Air India clears 80% of jet fuel dues – IOC gets Rs 2,281 crore

          Air India clears 80% of jet fuel dues – IOC gets Rs 2,281 crore

          Mahesh Darkunde by Mahesh Darkunde
          December 29, 2021
          in News
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          Air India Cabin Crew

          Photo: Air India Express

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          The outlook for Indian Oil’s (IOC) aviation business is positive with growth in flights, upcoming launch of new airlines in 2022 and recovery of jet fuel dues from Air India.

          “Airline operators have cleared all dues pending with IOC and are now within agreed terms,” the country’s largest fuel retailer said in a statement.

          “Air India has also paid around 80 per cent of its pending dues to oil marketing companies.

          IOC has received Rs 2,281 crore from Air India.

          The balance settlement is under process for which modalities have been initiated in view of the handing over process of Air India.”

          positive with growth in flights, upcoming launch of new airlines in 2022 and recovery of jet fuel dues from Air India.

          Air India has been making daily payments for its fuel uplift but its past dues had been pending for years.

          In 2019, oil marketing companies had briefly snapped supplies to the airline at six airports.

          They had restored fuel supply after the airline agreed to pay Rs 100 crore every month to clear the backlog.

          Air India cleared 80 per cent of its fuel dues earlier this month upon receiving fund infusion from the government, it is learnt.

          IOC said current aviation turbine fuel (ATF) volume has reached 80 per cent of pre-Covid time.

          “With increasing air traffic, increasing fleet in India, opening of new airports and anticipated entry of upcoming operator Akasa and the revival of Jet Airways, the outlook for aviation business seems to be positive and optimistic,” it said.

          According to IOC, recovery of ATF volumes between April to November was 57 per cent of pre-Covid level and is expected to reach pre-Covid levels once international airlines resume normal operations.

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          Scheduled international passenger flights have been suspended till January 31 in view of the global spread of the Omicron variant of Covid-19. While the civil aviation ministry had given its nod to resume scheduled flights from December 15, the decision was put on hold following a review by Prime Minister Narendra Modi.

          Scheduled international flights have been suspended since March 23, 2020, when the lockdown was imposed to rein in the spread of the contagion. While initially only repatriation flights were permitted, India began signing air transport bubble agreements from July 2020 with various countries to resume international flights.

          On Sunday, 611 international flights were operated to and from India, which is around 50 per cent of the approved flights in the winter schedule of 2019.

          Stay tuned and Updated with Aviation a2z. Have a cheerful day!

          Tags: Air IndiaAkasa AirFund infusionIndian OILsIOCJet AirwaysJet Fuel
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          Mahesh Darkunde

          Mahesh Darkunde

          Journalist - He is an Aircraft Maintenance Engineer, Mahesh has always had a knack for all things aviation. He Join Aviation A2Z as a writer nearly 2 years ago.

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