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Creditors approve Jet Airways resolution plan

Jet Airways’ creditors have approved a resolution plan that will give new life to the country’s oldest private company, the airline said in a statement in a statement on Saturday. The plan, presented by a consortium of London-based Kalrock Capital and Murari Lal Jalan, a businessman based in the United Arab Emirates, is the result of months of discussions about the airline’s future and has been confirmed in a regulatory application that did not provide details.

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