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.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app