95% Jet staff must consent to Kalrock-Jalan proposal or lose benefits

At least 95 per cent of Jet Airways employees will have to give their consent to the Kalrock-Jalan consortium’s proposal or lose benefits offered to them under the revival plan.

Voting on the consortium’s offer for employees and workmen began on Monday and will go on till August 4.

The National Company Law Tribunal cleared the consortium proposal to revive the airline on June 22. While Jet Airways had admitted claims of around Rs 15,000 crore, the consortium has offered to settle claims of Rs 475 crore of financial and non financial creditors. Employee claims worth Rs 1265 crore were