Mumbai: The new investors in Jet Airways NSE -4.95 % will infuse Rs 1,000 crore into the airline over the next 5-7 years, according to the revival plan submitted by them to India’s bankruptcy court.
The National Company Law Tribunal (NCLT) has to approve the plan submitted by a consortium of UAE-based investor Murari Lal Jalan and London’s asset management firm Kalrock Capital before they become the new owners of India’s oldest surviving private airline.
