JKC prepares to take ownership of Jet Airways
National, September 29, 2023 - Jalan Kalrock Consortium (JKC), the new proposed promoters of Jet Airways, today completed an additional infusion of 100 crores IN, reaffirming its unwavering commitment to a successful resurgence of let Airways. With this infusion, JKC has now fulfilled its total financial commitment of IN 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.