 "Jet Airways")
Kalrock-Jalan consortium will invest around Rs 1,375 crore in Jet Airways over two years.
The consortium which won the bid to revive the grounded airline last October plans to start with domestic services using 5-7 new aircraft and will fund the investment through mix of equity and debt, it informed the National Company Law Tribunal (NCLT) today.
The amount would be utilised for start-up expenses and paying creditor dues, it is learnt.
The amount would be utilised for start-up expenses and paying creditor dues, it is learnt.
While most of its fleet was repossessed, Jet Airways still has twelve aircraft including Airbus A330, Boeing 737 and Boeing 777 planes. However, the consortium does not
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