{"id":401824,"date":"2021-02-24T11:21:07","date_gmt":"2021-02-24T05:51:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=401824"},"modified":"2021-02-24T11:21:07","modified_gmt":"2021-02-24T05:51:07","slug":"kalrock-jalan-to-pay-rs-1183-crore-to-jets-creditors-over-5-years","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kalrock-jalan-to-pay-rs-1183-crore-to-jets-creditors-over-5-years\/","title":{"rendered":"Kalrock-Jalan to pay Rs 1,183 crore to Jet&#8217;s creditors over 5 years"},"content":{"rendered":"<p>The Kalrock-Jalan consortium will pay Rs 1,183 crore over five years to financial creditors, workmen and employees of bankrupt carrier Jet Airways NSE 4.97 %, a mere 9%-14% of what they had claimed, according to the resolution plan that was presented to India\u2019s bankruptcy court on Tuesday.<\/p>\n<p>Outside of the resolution plan, the consortium has also offered to buy 51% of Etihad Airways\u2019 stake in Jet\u2019s loyalty programme, Jet Privilege now renamed Intermiles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Kalrock-Jalan consortium will pay Rs 1,183 crore over five years to financial creditors, workmen and employees of bankrupt carrier Jet Airways NSE 4.97 %, a mere 9%-14% of what they had claimed, according to the resolution plan that was presented to India\u2019s bankruptcy court on Tuesday. Outside of the resolution plan, the consortium has also offered to buy 51% of Etihad Airways\u2019 stake in Jet\u2019s loyalty programme, Jet Privilege now renamed Intermiles.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-401824","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401824","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=401824"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401824\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=401824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=401824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=401824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}