Jet will need more capital post-rescue
The Jet Airways rescue deal is sufficient to return the airline to skies, but its new owners will need to quickly raise more capital to turn around the airline, bankers and industry experts said.
On Saturday, lenders to Jet Airways (India) Ltd accepted a ₹1,000-crore bid by a consortium of UK-based Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan to revive and operate the airline that last flew on 17 April 2019.
According to two bankers involved in the resolution process, lenders plan to discuss capital infusion with the new owners after deciding on the initial payout to lenders from the first round of investment.
