A major crisis was averted at the cash-starved Jet Airways after national oil marketing major IndianOil resumed fuel supplies to the airline, which was halted earlier in the day due to the non-payments, sources said Friday.
The supply, which was stopped around noon was restored at around 5 pm after airline assured the oil firm of payment of dues, sources told PTI.
“Indian Oil Corporation has resumed supply of aviation turbine fuel to Jet Airways following assurance of payments by the airline,” said a source.
Earlier in the day, Jet Airways faced operational disruptions across major airports when IOC refused to refuel its planes without clearing the outstanding amount.
A Jet spokesperson did not comment on halting of fuel supplies.
A State Bank-led consortium of banks will soon take over the management of the airline under a debt-recast plan.
05/04/19 Indian Express
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The supply, which was stopped around noon was restored at around 5 pm after airline assured the oil firm of payment of dues, sources told PTI.
“Indian Oil Corporation has resumed supply of aviation turbine fuel to Jet Airways following assurance of payments by the airline,” said a source.
Earlier in the day, Jet Airways faced operational disruptions across major airports when IOC refused to refuel its planes without clearing the outstanding amount.
A Jet spokesperson did not comment on halting of fuel supplies.
A State Bank-led consortium of banks will soon take over the management of the airline under a debt-recast plan.
05/04/19 Indian Express
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