Did Vijay Mallya sell Force India because he is running out of money?

Vijay Mallya

Flights of Kingfisher Airline were disrupted in some major cities, including Delhi, this evening after oil companies stopped jet fuel supplies to the private air carrier for non-payment of dues.

Hundreds of passengers were put to hardship after at least eight flights including one on the international sector were delayed or cancelled.

In Delhi, seven domestic flights and one international flight were disrupted, airport sources said.

The disruption caused a chaotic situation at the IGI airport here as angry passengers demanded answers from airline officials. Several passengers took flights of other airlines.

The Vijay Mallya-owned airline has been put on cash-and-carry payment option by oil companies for the past ten months.

The cash-and-carry payment system means that the payments are cleared on a daily basis for oil supplies and no credit is given.

A Kingfisher statement tonight said there was a temporary "disruption" of oil supplies leading to a "delay" of some flights due to a "minor" issue with one of the airline's Aviation Turbine Fuel(ATF) suppliers.

The matter has since been clarified and regular supplies of ATF were commenced immediately thereafter, the statement said, adding that all flights will continue to operate normally. NDTV

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