News Highlights: Jalan Kalrock Consortium deposits Rs 100 crore with lenders to take control of Jet Airways
Jalan Kalrock Consortium invests ₹100 crore in Jet Airways’ revival
In a significant move, Jalan Kalrock Consortium, the new promoter of Jet Airways, has deposited Rs 100 crore with lenders as part of its revival plan for the grounded airline. This deposit marks a major step towards taking control of Jet Airways and getting it back in the skies.
Revival plan gains momentum
- Jalan Kalrock Consortium, the new promoter, invests Rs 100 crore in Jet Airways.
- The funds will be used to support the airline’s revival plan.
- This deposit signifies a strong commitment towards reviving the grounded airline.
Financial support for Jet Airways
The deposit of Rs 100 crore by Jalan Kalrock Consortium is aimed at providing much-needed financial support to Jet Airways. The airline has been grounded since April 2019 due to financial mismanagement and debt burden.
Lenders’ confidence on the rise
With the deposit of ₹100 crore by the new promoter, lenders’ confidence in the revival plan is increasing. The commitment shown by Jalan Kalrock Consortium demonstrates their determination to bring Jet Airways back to its former glory and regain its position in the aviation industry.
Future prospects of Jet Airways
- The revival plan is expected to pave the way for the airline’s comeback.
- If successful, Jet Airways will resume operations and cater to the growing demand in the aviation sector.
- Jalan Kalrock Consortium’s investment reinforces the belief that Jet Airways has the potential to regain its position as one of the leading airlines in India.
Conclusion
The deposit of Rs 100 crore by Jalan Kalrock Consortium marks a significant development in Jet Airways’ revival plan. The financial support provided by the new promoter strengthens the prospects of the airline’s comeback. With optimism surrounding its revival, Jet Airways has the opportunity to regain its foothold in the Indian aviation industry.
Sources:
- Moneycontrol – Jalan Kalrock Consortium deposits Rs 100 crore with lenders to take control of Jet Airways
- Hindustan Times – Jet Airways’ new promoter pumps in ₹100 crore for reviving grounded airline
- Mint – Jalan Kalrock Consortium deposits another ₹100 crore in Jet Airways under revival plan
- Business Standard – JKC deposits another Rs 100 cr in Jet Airways under its revival plan
- Moneycontrol – Jalan Kalrock Consortium commits Rs 100 crore to secure Jet Airways control
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