New Delhi: For Jet 2.0 to take to the skies again, London-based Kalrock Capital and UAE businessman Murari Lal Jalan will need to infuse Rs 350 crore within 180 days, followed by another Rs 250 crore in the next six months — a total Rs 600 crore in the first year.
This successful resolution applicant (SRA) will need to infuse through ECBs of Rs 175 crore in the second year, followed by another Rs 600 crore later on. In all, the SRA has “proposed a total cash infusion of Rs 1,375 crore”, says NCLT’s detailed order for the airline’s revival plan that was made available on Wednesday.
