Indian Oil Corporation (IOC) resumed aviation fuel supply to Jet Airways after airline assured of payment on Friday.
Earlier today, the public sector oil marketing firm stopped supplying fuel to the cash-starved carrier from 12 noon, sources told PTI.
Response to a query sent to Jet Airways on this issue was awaited.
Jet Airways, in which SBI-led consortium of lenders is set to take management control under a debt-recast plan, has drastically curtailed operations with a fleet of 26 planes.
On March 25, Jet Airways board had approved a resolution plan formulated by SBI-led domestic lenders, under which had agreed to infuse an emergency funding of Rs 1,500 crore into the airline, and convert the same into equity worth
50.1 percent for a notional value of just Re 1 each share. The airline, however, has not yet received the much-needed funds.
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