Support: +91-22-61011756 /
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Kalrock Capital consortium to invest Rs 1,000 cr in Jet Airways

Monday, 19 Oct 2020
Share this on :
The Kalrock Capital-Murari Lal Jalan consortium has proposed to relaunch Jet Airways as a full-service carrier, with an initial investment of Rs 1,000 crore.

It has initiated discussions with lessors and international airlines for contracts and partnerships.

On 17 October 2020, the Committee of Creditors (CoC) voted in favour of the Kalrock-Jalan consortium over the FSTC-Imperial Capital combine.

While Jet Airways has admitted claims of over Rs 15,000 crore, the resolution plan consists of Rs 866 crore in upfront and deferred payment to creditors. A portion of the sum will be used to cover insolvency resolution costs.

Banks will also get a nine percent equity stake in the airline and an upside from the sale of aircraft. Employees have been offered 75 percent stake in Jet Airways ground handling arm, as well as a financial incentive of close to Rs 20,000 each.

The airline will initially restart domestic operations as a full-service carrier. The consortium will also tap cargo opportunities, and is in the process of selecting a management team.

Post Your Comments


Sign up to start your free trial

Are you...


Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services