Hindustan Petroleum Corporation Ltd resumed Oil Supplies to Kingfisher Airlines

Mar 9, 2012, 12:11 IST

Corporate Current Affairs 2012. State-owned Hindustan Petroleum Corporation Ltd (HPCL) on 8 March 2012 resumed oil supplies to Kingfisher Airlines after the airline agreed to pay for daily fuel off-take

State-owned Hindustan Petroleum Corporation Ltd (HPCL) on 8 March 2012 resumed oil supplies to Kingfisher Airlines after the airline agreed to pay for daily fuel off-take.HPCL had stopped re-fuelling the Vijay Mallaya's airline on 7 March 2012. HPCL is Kingfisher's biggest aviation fuel supplier.

HPCL decided to resume supplies after hectic negotiations with Kingfisher. Kingfisher Airline started its operations in 2005. It suffered a loss of more than 1100 crore rupees in 2011-2012.

Jagran Josh
Jagran Josh

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