Voting process for Jalan Kalrock Consortium’s proposal commences on July 5, 2021

The voting process for winning bidder Jalan-Kalrock consortium’s proposal for the employees and workmen of Jet Airways, as per their resolution plan, commenced on July 5, 2021 and will be on till August 4, 2021. According to the revival plan, Jet Airways employees will receive a 0.5 per cent stake in the airline and a 76 per cent stake in Airjet Ground Services, which will be a subsidiary of Jet Airways. At least 95 per cent of Jet Airways’ employees will have to give their consent to the Jalan-Kalrock consortium’s proposal, or they will lose the benefits offered by the airline’s new owners.