The airline is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.
The meeting comes ahead of the airline's board meet, which scheduled to be held on October 22 for clearing the consolidated account statement for the fiscal ended March 2019.
Moneycontrol's Jerome Anthony talks to Corporate Bureau Chief Prince Thomas to learn more about the top news emerging from the sector this week.
The government intends to sell its stake in Air India, its low-cost international subsidiary Air India Express, and 50 percent stake in ground handling company Air India Singapore Airport Terminal Services in one go.
The three state-owned oil companies - Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) - had earlier this month threatened to snap aviation turbine fuel (ATF) supplies to Air India at six major airports over payment delays.
AIAHL had raised Rs 7,000 crore each on September 16 and October 10, respectively.
Air India used a TaxiBot to flag off flight AI665 from Delhi to Mumbai, on October 15.
"Air India had back in June and again in September agreed to pay the three oil marketing companies Rs 100 crore every month to clear past ATF dues. But unfortunately it hasn't met its commitment," said Sandeep Kumar Gupta, Director (Finance), Indian Oil Corp (IOC).
On Tuesday morning, the national carrier's Chairman and Managing Director Ashwani Lohani flagged off flight AI665 - which was carried to runway using Taxibot at terminal 3 of the Delhi airport - to Mumbai.
The airline also "assured" its customers of smooth operations, saying it has taken all the measures in the eventuality of the two sides failing to reach an understanding on the issue.
The development comes amid the government mulling to issue a preliminary information memorandum (PIM) early next month, which will lay the road map for its exit from the core aviation business.
The three fuel retailers had earlier stated that Air India owed Rs 5,000 crore in unpaid fuel bills with payments being delayed by almost eight months.
The international flight will connect Amritsar to Stansted in London to facilitate Sikh pilgrims visiting Punjab on the occasion of the birth anniversary of Guru Nanak Dev.
The aircraft will be equipped with missile defence systems that will make the aircraft as secure as the Boeing 747-200B used by US President Donald Trump
The Air India privatisation will help the government meet its disinvestment target of Rs 1.05 lakh crore for the current fiscal year.
The government planned to sell Bharat Petroleum Corp Ltd, logistics firm Container Corp of India Ltd and debt-laden Air India before the end of the 2019/20 financial year, the official said.
No injury to any passenger or crew has been reported, and Air India's safety department has carried out a detailed investigation.
The government could this time around sell its entire 100 per cent stake in the Air India as it aims to conclude the sale process by December 2019, the sources said.
The government was unable to sell the airline in 2018 and has prepared to reduce the Rs 59,000-crore debt
A special purpose vehicle of Air India, AIAHL came out with its maiden bond issue for Rs 1,000 crore with an option to retain additional subscription worth up to Rs 6,000 crore. The bonds are fully-backed by the government.
In an order dated September 11, officials from the national carrier stated that the decision was taken considering the health of its crew members, who end up taking three times meals on board flights.
Air India had a loss of Rs 430 crore in the four-month period when Pakistan closed its airspace after the Balakot air strikes.
The salt-to-steel conglomerate is focusing on Vistara's growth prospects.
The incident came under the scanner of both Indian and Australian aviation regulators.
Supplies to Air India resumed from Saturday evening (September 7)