The Jalan-Kalrock Consortium (JKC), which is preparing to take ownership of Jet Airways, has announced the completion of an additional infusion of INR 100 crore into the defunct airline.
In a release, JKC said the infusion completed its total financial commitment of INR 350 crore equity as per the National Company Law Tribunal (NCLT) approved resolution plan. The consortium also stated that all its commitments now stand fulfilled to take control of the airline, which stopped flying in April 2019.
In July, the Directorate General of Civil Aviation (DGCA) renewed Jet Airways’ Airport Operator Certificate (AOC). JKC has said that its plans to revive Jet Airways remain unaltered, and the new promoters are determined to restart operations in 2024. In 2022, it announced its plan to restart operations using six narrow-body Boeing 737s. In its new avatar, Jet Airways will continue as a Full Service Carrier with Business Class and Economy Class seating.
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