MUMBAI: India's largest commercial oil company briefly stopped supplying fuel to Jet Airways on Friday , in a sign that the woes of the beleaguered carrier are far from over.
Jet has debts of more than US$1 billion and has been forced to ground the majority of its fleet as it struggles to pay aircraft lessors and staff. "You can be rest assured that everyone else will follow. If that happens Jet Airways is finished," Devesh Agarwal, editor of the Bangalore Aviation website told AFP.Channel NewsAsia - Sentifi topic widget
The consortium is starting a stake sale process on Saturday, giving prospective bidders until Tuesday to submit expressions of interest for buying a stake.
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