IANS | 01 Oct, 2023
The Jalan Kalrock Consortium, which emerged as the successful bidder
for the revival of Jet Airways, has made an additional infusion of Rs
100 crore into the airline, in accordance with the resolution plan
approved by the court.
This contribution completes their total
financial commitment of Rs 350 crore for the airline's revival, enabling
them to assume ownership of Jet Airways, it said in a statement on
Friday.
Additionally, the consortium has reiterated its commitment
to relaunching Jet Airways, and they anticipate announcing the specific
launch date in the coming days.
Jet Airways ceased its operations on April 17, 2019.
In
their statement, the consortium said that it "today completed an
additional infusion of Rs 100 crore, reaffirming its unwavering
commitment to a successful resurgence of Jet Airways. With this
infusion, JKC has now fulfilled its total financial commitment of Rs 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".
They also said that their strategy to revive the airline
remains unchanged and that the new promoters are resolute in restarting
the airline's operations in 2024.
Further details about the Jet Airways launch date will be disclosed in the upcoming weeks.
