Indian airlines have been late in making payments for jet fuel, reported India's Economic Times, citing a top executive with Indian Oil Corp. Kingfisher Airlines and Jet Airways are among several carriers "delaying payments in spite of seeking a very comfortable line of credit and huge discounts," the IOC executive told the paper. Kingfisher reportedly built up "arrears" on a line of credit earlier this year and was forced to switch to a "cash and carry" model of payment in which it pays ...

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