Indian Oil cuts fuel supply to cash-strapped Jet Airways, resumes later

As planes were stranded for over three hours, passengers were asked to deboard

Indian Oil Corporation (IOC), the country's largest refiner, stopped fuel supplies to cash-strapped Jet Airways on Friday afternoon, grounding its operations for three hours. The supply was resumed after the airline gave an assurance on settling dues.
 
Jet has been operating a truncated schedule with over 100 daily flights and this has resulted in depleting ticket sales. The release of lesser-than-assured interim funding from banks has increased the financial strain, and the airline has cash to manage operations only for a few days.
 
“Fuel supply to the airline was stopped briefly in the early part of afternoon but