up in advance for their fuel supplies. The practice is spreading to Europe and Asia as jet fuel suppliers are becoming increasingly worried about the credit-worthiness and solvency of many airlines amid rising oil prices. Prepayment requirements add to the woes of airlines which have been among the sectors most directly and quickly weighed down…
MARKETS: Airlines told to pay up in advance for fuel supplies
Posted on June 16, 2008 by EnergyAsia