The state owned oil marketing companies have threatened kingfisher airlines to cease supply of aviation turbine fuel (ATF).
The oil industry had started suppling ATF to kingfisher and jet airways on 'cash and carry basis' from 27th Jan, as they failed to clear their dues from October 22nd to october 31st, though the 90 days credit was over.
Jet has immediately cleared its due of Rs 97.87 crore. But kingfisher still owes Rs 73.03 crore to Hindustan Petroleum for the 10 days supply and Rs 85 crores to Bharat Petroleum for old installments.
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