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 ...

Subscribe to Access this Entire Article

"Report: Indian airlines having difficulty making jet fuel payments" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.