HPCL stops fuel supply to Kingfisher, resumes after payments

New Delhi: State-owned Hindustan Petroleum Corp Ltd (HPCL) on Tuesday briefly stopped jet fuel supplies to Kingfisher Airlines over delays in payments but resumed supplies shortly after the beleaguered airline made payments.
HPCL had a few months back put Kingfisher on cash-and-carry requiring the the Vijay Mallya-run airline to make daily payments before fresh aviation turbine fuel (ATF) supplies are made.
"There was delay in payment this morning and so supplies were stopped," a source said. "Kingfisher immediately cleared the payment, shortly after which jet fuel supplies were resumed".
There was not much disruption in flight schedule as the stoppage happened in afternoon when Kingfisher has very few flights.
20/06/12 PTI/Times of India

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Categories: Kingfisher Jun 2012