Customers will have to buy tickets between February 21 and February 25. International travel must start on or after February 21.
Jet’s remaining debt of Rs 6,000 crore will be restructured and converted into long term 10-year debt.
The carrier, which owes the banks over Rs10,000 crore (around $1.5 billion), also announced its fourth consecutive quarterly loss yesterday (Feb.14).
Jet Airways’s extraordinary general meeting later this month in Mumbai will seek shareholder approval to increase authorized share capital by issuing equity and preferred shares.
The contract of 2016 was concluded at 2.86% less than the price of the 2007 offer.
The tickets will be offered to Jet Privilege members as redemption for their accumulated miles of air travel.