Jet Airways in trouble, lenders may sell 11 aircraft

Jet Airways has run into turbulence again, the Jalan-Kalrock consortium has failed to pay the outstanding amount to the landers forcing the lenders to re-evaluate their options. As per the sources, no one anticipated that the resolution would take so long to execute. It has been almost a year and a half since the National Company Law Tribunal (NCLT) approved the Jet Air resolution plan. According to the resolution plan by the Jalan-Kalrock consortium, the group planned an infusion of INR 13.75bn. This included INR 9 million towards capital expenditure and approximately INR 4 million to clear creditor’s claims, like