{"id":379160,"date":"2020-10-19T09:10:13","date_gmt":"2020-10-19T03:40:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379160"},"modified":"2020-10-19T09:33:39","modified_gmt":"2020-10-19T04:03:39","slug":"bankrupt-jet-airways-lenders-approve-resolution-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bankrupt-jet-airways-lenders-approve-resolution-plan\/","title":{"rendered":"Bankrupt Jet Airways\u2019 lenders approve resolution plan"},"content":{"rendered":"<p>India&#8217;s Jet Airways would be acquired by an investor consortium under a multi-million dollar resolution plan approved by the carrier&#8217;s creditors on Saturday. <\/p>\n<p>The plan submitted by a consortium of London-based Kalrock Capital and UAE-based businessman Murari Lal Jalan comes after months of talks over the airline&#8217;s future and was confirmed in a regulatory filing, which gave no details of the deal.<\/p>\n<p>A source close to the situation said the new owners had agreed to pump in 10 billion rupees ($136 million) as working capital for the revival of the airline. Another 10 billion rupees will be given to creditors over a period of five years.<\/p>\n<p>Financial creditors of the airline will also get 10% stake in the company, the source said, though the plan remains subject to approvals from the bankruptcy court and the country&#8217;s airline regulator.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s Jet Airways would be acquired by an investor consortium under a multi-million dollar resolution plan approved by the carrier&#8217;s creditors on Saturday. The plan submitted by a consortium of London-based Kalrock Capital and UAE-based businessman Murari Lal Jalan comes after months of talks over the airline&#8217;s future and was confirmed in a regulatory filing, which gave no details of the deal. A source close to the situation said the new owners had agreed to pump in 10 billion rupees ($136 million) as working capital for the revival of the airline. Another 10 billion rupees will be given to creditors [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-379160","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=379160"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379160\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}