Jet Airways Insolvency: Kalrock Capital and Murari Lal Jalan's consortium deposits Rs 150 crore as performance security
The Kalrock and Jalan consortium had placed a bid of nearly Rs 1,000 crore and will get 9.5 per cent of equity in Jet Airways along with 7.5 per cent equity in loyalty rewards company InterMiles.
JET AIRWAYS (INDIA) LTD. - 532617 - Shareholding for the Period Ended September 30, 2020
Jet Airways (India) Ltd has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2020. For more details, kindly Click here Jet Airways will have to reapply for slots, have 20 planes for global ops
When it shut operations, Jet Airways had close to 700 such slots pair including 116 and 214 in prime airports of Delhi and Mumbai JET AIRWAYS (INDIA) LTD. - 532617 - Statement Of Investor Complaints For The Quarter Ended September 2020
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0440 Name of the Signatory :- Rajesh PrasadDesignation :- Any Other Jet Airways hits upper circuit for 12th straight day, zooms 108% in 20 days
The committee of creditors of Jet Airways, on October 17, 2020, approved the resolution plan of consortium of Kalrock Capital-Murari Lal Jalan Jet Airways needs $4 billion to secure its future in the skies
Jet Airways will need $1 billion initial working capital, followed by $3 billion over the course of 5-7 years before the airline can break even; it needs to be seen whether the bidders can bankroll these expenses Jet Airways may fly again in 4 - 6 months after new management takes over
Now, after the Kalrock-led consortium takes over the airline, the first task would be to retrieve its slots which were temporarily distributed among other players Jet Airways (India) Ltd - 532617 - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
18th COC meeting to be held on 20 October, 2020 Path to restart Jet Airways operations very tough, uncertain: CAPA India head
If NCLT allows, Kalrock Capital and Murari Lal Jalan would have to take the airline off the ground again at a time when the aviation industry globally is in financial distress due to the pandemic Kalrock-Jalan consortium plans to get Jet back in air by April
Awaits regulatory approvals; to begin with domestic, cargo operations