Crisis averted at Jet Airways as Indian Oil resumes fuel supply
Mumbai: Indian Oil Corp. Ltd stopped supplying aviation fuel to Jet Airways (India) Ltd at noon on Friday before rescinding its decision hours later, after the government likely stepped in to avert a crisis at the cash-strapped airline.
The decision to stop providing fuel to Jet Airways took effect from noon on Friday across the country because of non-payment of dues, an Indian Oil spokesperson said.
The decision was rolled back at around 4.30pm.
Later, a senior Indian Oil official said on condition of anonymity that Jet Airways hadn’t paid its dues yet. The official, however, did not say how much the airline owes the New Delhi-based public sector company.
