Jet 2.0 to fly as creditors face 95 pc haircut

Jet 2.0 will soon take to the skies again. On June 22, 2021, NCLT has cleared the London based Kalrock-Jalan consortium plan for revival of Jet Airways but rejected its demand for a historicity of airport slots and traffic rights. The Kalrock-Jalan consortium won the bid in October 2020 to restart the airline by proposing nearly Rs 1,200 crore payout to its creditors.

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