Air India to Settle Dues to Oil Companies

Air India has already settled a major portion of its dues to state-run oil marketing companies and will settle the remainder on Friday, a spokesman of the ailing state carrier said.

We are well within the credit limit of oil marketing companies, the spokesman, who declined to be named, told Reuters.

Earlier on Thursday, a source said India's state-run oil marketing companies will halt fuel supplies to Air India from Friday for non-payment of dues.