{"id":445757,"date":"2021-10-28T10:14:44","date_gmt":"2021-10-28T04:44:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=445757"},"modified":"2021-10-28T10:14:44","modified_gmt":"2021-10-28T04:44:44","slug":"ai-ai-express-say-ta-ta-to-credit-sales-finance-ministry-tells-govt-departments-to-buy-fresh-tickets-only-in-cash","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ai-ai-express-say-ta-ta-to-credit-sales-finance-ministry-tells-govt-departments-to-buy-fresh-tickets-only-in-cash\/","title":{"rendered":"AI, AI Express say &#8216;ta-ta&#8217; to credit sales; finance ministry tells govt departments to buy fresh tickets only in cash"},"content":{"rendered":"<p>NEW DELHI: With Air India and AI Express about to lose their PSU tag and return to founder Tata Group, the Centre has asked all ministries to clear dues to the airlines and make fresh purchases in cash only.<br \/>\n\u201cAI has stopped extending credit facility on account of purchase of air tickets,\u201d an office memo issued by the finance ministry on Wednesday said. A senior AI official said the practice of giving 2-3 month credit has been stopped and all sales are only on cash basis now.<br \/>\nIn 2009 the government had decided that all domestic and international air travel, including LTC, where it bears the cost of air passage must happen on state-owned AI. Now with AI and AI Express going in private hands, the rules are changing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: With Air India and AI Express about to lose their PSU tag and return to founder Tata Group, the Centre has asked all ministries to clear dues to the airlines and make fresh purchases in cash only. \u201cAI has stopped extending credit facility on account of purchase of air tickets,\u201d an office memo issued by the finance ministry on Wednesday said. A senior AI official said the practice of giving 2-3 month credit has been stopped and all sales are only on cash basis now. In 2009 the government had decided that all domestic and international air travel, [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-445757","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=445757"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445757\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=445757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=445757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=445757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}