Indore: Jet grounded fares double
Indore: Jet grounded fares double

New Delhi: Oil companies stopped fuel supply to Jet Airways for over an hour at the Delhi airport on Thursday due to non-payment of dues, said sources on Thursday.

According to sources, the fuel supply was stopped at 5 pm and resumed at about 6:15 pm after the assurance of the payment was given. Jet Airways is suffering bruising competition from low-cost airlines, fluctuating crude prices and a weak rupee. The airline has over one billion dollars in debt and has to repay money to banks, lessors of planes and suppliers besides clearing pending salaries to its pilots.

On April 3, Civil Aviation Secretary Pradeep Singh Kharola had said that debt-laden Jet Airways is currently operating less than 15 planes and its eligibility to fly on international routes needs to be examined. Earlier on March 25, then Jet Airways Chairman Naresh Goyal had stepped down, paving way for lenders to bail out the financially troubled airline he set up 25 years ago.

(To download our E-paper please click here. The publishers permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal