Fuel supply to Sri Lankan airlines will be cut, if it fails to pay at least a part of outstanding fuel bills by Wednesday, 4 June 2018.
The state owned Ceylon Petroleum Corporation (CPC) has warned, that if the airline does not pay up a billion rupees (USD 632,000) before the deadline, it will cut the fuel supply.
The outstanding fuel bills amounting Rs 14 billion has been accumulated over the period of time and at least Rs 1 billion(USD 632,000) need to be to be settled in order to prevent flight cancellations. The CPC says that there is an outstanding payment of 8 billion rupees for the fuel that was purchased in 2008. The remaining 6 billion rupees is for the fuel purchased on credit at various instances after 2008.
The CPC has reportedly informed the Ministry of Transport and Civil Aviation and the Presidential Secretariat of its decision to cut off fuel supplies to SriLankan Airline.