Kalrock-Jalan consortium to invest Rs 1,375 crore in debt-laden Jet Airways

Kalrock-Jalan consortium will invest around Rs 1,375 crore in Jet Airways over two years.
The consortium which won the bid to revive the grounded airline last October plans to start with domestic services using 5-7 new aircraft and will fund the investment through mix of equity and debt, it informed the National Company Law Tribunal (NCLT) today.

The amount would be utilised for start-up expenses and paying creditor dues, it is learnt.