Jalan Kalrock Consortium fulfills its financial commitment of INR 350 crores to revive Jet Airways
JKC prepares to take ownership of Jet Airways
City Air News
Sep 29, 2023 07:47
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Jalan Kalrock Consortium (JKC), the new proposed promoters of Jet Airways, today completed an additional infusion of 100 crores INR, reaffirming its unwavering commitment to a successful resurgence of Jet Airways. With this infusion, JKC has now fulfilled its total financial commitment of INR 350 crore equity as per the court-approved resolution plan, and all commitments by JKC now stand fulfilled to take control of the iconic airline.
The consortium's strategy to revive the airline remains unaltered. The new promoters are determined to re-establish the operations of the airline up and running in 2024. Further announcements regarding the launch date of Jet Airways will now be made in the coming weeks.
This has been stated in a release issued by Jet Airways today.
