IOC resumes fuel supplies to Jet Airways

Mumbai: A major crisis was averted at the cash-starved Jet Airways after national oil marketing major Indian Oil resumed fuel supplies to the airline, which was halted earlier in the day due to the non-payments, sources said. 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.
Earlier in the day, Jet Airways faced operational disruptions across major airports when IOC refused to refuel its planes without clearing the outstanding amount. The airlines owes Rs Rs 8,000 cr to the lenders and SBI-led consortium of banks will soon take over the management of the airline under a debt-recast plan.