NEW DELHI: The Jalan Kalrock Consortium (JKC) on Friday said it has “completed an additional infusion of Rs 100 crore, reaffirming its commitment to the successful revival of Jet Airways.” With this infusion, JKC says it has “now fulfilled its total financial obligation of Rs 350 crore equity as per the court-approved resolution plan, and all obligations have now been fulfilled to take control of the iconic airline.”
“The consortium’s strategy is to… revive the airline remains unchanged. The new promoters are committed to making the airline’s operations operational again by 2024. Further announcements regarding the Jet Airways launch date will now be made in the coming weeks,” JKC said in a statement.
Jet Airways, founded in 1993, stopped flying in April 2019 after running out of money. Both GoAirwhich stopped flying in May, and Jet is wanted to be revived under the Insolvency and Bankruptcy Code.
“The consortium’s strategy is to… revive the airline remains unchanged. The new promoters are committed to making the airline’s operations operational again by 2024. Further announcements regarding the Jet Airways launch date will now be made in the coming weeks,” JKC said in a statement.
Jet Airways, founded in 1993, stopped flying in April 2019 after running out of money. Both GoAirwhich stopped flying in May, and Jet is wanted to be revived under the Insolvency and Bankruptcy Code.
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