IOC cuts Jet Airways’ lifeline: No fuel to airline from Friday amid non payment issues

Jet Airways’ has landed in another trouble amid continual flight groundings as Indian Oil Corporation (IOC) cut its fuel supply on Friday due to non-payment. “Due to non-payment of outstanding Bills of Payment, IOCL stopped fuel supply to Jet Airways across the nation. Yesterday also an hour’s services was stopped,” ANI cited IOCL spokesperson as saying.

The troubled airline is currently operating with just 26 aircraft, about a fifth of its original fleet, after the rest of the fleet was grounded for non-payment of dues. A consortium of lenders currently led by SBI is set to take a controlling stake in the airline. The management change led to the resignation of Jet Airways founder and CEO Naresh Goyal and his wife Anita Goyal from the airline board.