Jet and Kingfisher to run dry

STATE-RUN Indian oil companies are threatening to cut off supply of fuel to Jet Airways and Kingfisher Airlines unless the two companies pay dues on interest payments.

Bharat Petroleum, Indian Oil and Hindustan Petroleum have said they would refuse to sell jet fuel on credit if the dues weren’t cleared.

There is apparently a commercial agreement between the oil companies and two airlines that requires interest to be paid on outstanding payment outside of the credit period.

However, a Kingfisher Airlines spokesperson said there was no such agreement while Ragini Chopra, a Jet Airways spokesperson, said: “We have already paid our dues. As per the directive of the ministry of civil aviation, we are supposed to meet oil companies to reach a mutual understanding on the issue of interest payment on the outstanding amount.”

Share this story

Related Topics

Latest news

Silkway West maintains China freighter schedule and honours block space agreements

Azerbaijan-based B747 freighter operator Silkway West Airlines is maintaining its flight schedule to China, despite the coronavirus epidemic, and is…

Read More

Share this story

They’re off! InstoneAir’s new airstable debuts for Saudi Cup thoroughbreds

InstoneAir and Luck Greayer (LG) Bloodstock Shipping have combined their expertise to support the world’s most valuable horse race, The…

Read More

Share this story

Delhi and Manchester united by Virgin Atlantic Cargo hat trick of flights

Virgin Atlantic will launch a three times a week passenger service to Delhi from Manchester in October this year. The…

Read More

Share this story