Indian Oil halts fuel supply to Jet Airways over non-payment of dues

Jet Airways receives legal notice over unpaid salaries

Troubled Jet Airways' B777 seized by WFS in Schiphol over unpaid fees

An aircraft of debt-ridden Jet Airways was seized by a European cargo firm over non-payment of dues.

In a statement, WFS said: "A Jet Airways passenger aircraft was seized at Amsterdam Schiphol Airport today following a court order issued by Haarlem Court in favour of Worldwide Flight Services in relation to the outstanding payment of handling fees". This particular aircraft (reg. VT-JWU) is grounded at Amsterdam Airport since March 23.

Also last Friday, Indian Oil had stopped supplying fuel to Jet Airways aircraft in India for some hours because of unpaid bills.

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 from the airline.

Nonetheless, industry insiders said that the lenders of the airline might have made a part-payment towards the dues.

Jet Airways once had a fleet of 119 aircraft, but now it has dwindled to fewer than 30 as many lessors, upset over non-payment of leases, got their aircraft de-registered and leased them to other airlines.

Heavily indebted Jet Airways was recently forced to ground more than 90 of its 118 total aircraft, which resulted in hundreds of flight cancellations.

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According to a senior International Olympic Committee official, the company had stopped fuel supply to Jet Airways from 3 p.m on Wednesday over non-payment of dues by the airline.

The airline apparently owns 16 out of these 26 aircraft.

The Mumbai-based airline has also defaulted on several loan payments.

The debt resolution process of Jet Airways suffered a setback on Wednesday with many prospective investors staying away from submitting expression of interest (EoI) before the deadline.

Its pilots, who along with engineers and senior management have not been paid since January had on Tuesday sent a legal notice to the management which is now being headed by the lenders led by State Bank.

According to Times of India, Pilots have served a legal notice to the airline over the last three months' salary dues and have threatened to go on strike from next Monday.

Subsequently, the airline's CEO Vinay Dube said the company continues to work with lenders on the balance sheet restructuring plan and will inform the employees about the progress of the process by early next week.

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