Jalan Kalrock Consortium (JKC), the winning bidder for the revival of grounded carrier Jet Airways, on Friday said it has infused an additional Rs 100 crore in the airline as per the court-approved resolution plan.
The consortium has “fulfilled” its total financial commitment of Rs 350 crore to revive the airline, which would pave the way for it to take over the ownership of Jet Airways, JKC said in a statement.
JKC infused Rs 100 crore by August 31 and another Rs 100 crore by September 30. The tribunal allowed the adjustment of Rs 150 crore as payment by invoking JKC’s performance bank guarantee (PBG).
