Jalan-Kalrock offered Dubai, BKC properties as securities to lenders for Jet 2.0
At least two properties in Dubai and one in Mumbai’s upscale Bandra Kurla Complex (BKC) in addition to bank guarantees valued together totalling over Rs 445 crore were the securities offered by the Jalan Kalrock Consortium (JKC) to the lenders of the erstwhile Jet Airways.
These were against committed payments in tranches by JKC starting with Rs 185 crore followed by the second tranche of Rs 195 crore. The commercial properties in Dubai which are located in Jebel Ali Industrial First and Al Quoz are each valued at over Rs 100 crore.
