International Olympic Committee resumes fuel supply to Jet Airways

Jet Airways

"Some of the bidders wanted to come as a consortium to share the cost of taking over the airline", said a banker.

The consortium of banks has appointed SBI Caps to take out the EoI and conduct the process of their stake sale in the airline.

After stopping fuel supply to Jet Airways from 3 pm on Wednesday over non-payment of dues by the airline, the company resumed the service in the evening, a senior International Olympic Committee official said.

Last week, the International Olympic Committee had stopped fuel supply to Jet Airways for some time before restarting the same after receiving assurances over payment of dues.

Jet Airways aircraft parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai. "Thediscontinuation happened across all the airports of the country where Jet Airways operates", the official said.

Jet Airways issued the following statement: "Jet Airways' flight 9W 231 AMS BOM of April 10 2019, has been delayed due to operational reasons". However, the report said that other fuel firms are still supplying the airline. "Supply that was stopped at 3 p.m. was resumed at around 9 p.m. after some payments were made, ending the six-hour stoppage", an International Olympic Committee official said. This paves way for the lessors to leased the planes to any other airline.

The DGCA said on its website that the de-registered aircraft belong to Crolly Aviation, Mardal Aviation, Allenwood Aircraft Leasing, Dungarvan Aircraft Leasing, Elphin Aircraft Leasing, Carlow Aircraft Leasing and Ballyhaunis Aircraft Leasing, all of them headquartered in Dublin, Ireland.

Jet Airways is fighting for survival as its fleet shrinks and some refiners tighten fuel supply terms despite efforts by the airline's lenders to find a new investor to bail out the cash-strapped Indian carrier. It was also proposed that lenders would immediately inject Rs 1,500 crore in the airline as an interim arrangement. "The airline will further update guests with revised timings", it said, reported ANI.

The move saw the State Bank of India-led consortium take control of the struggling airline from founder Naresh Goyal, who stepped down as chairman.

Etihad Airways, which already has 24 percent stake in Jet Airways is in talks with the lenders but yet to submit EoI, the sources added.



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