The first tranche of $31 million was due on March 11, while the second instalment of $109 million was due on March 28.
PIA management had signed an agreement with Saudi Airlines and Eithad Airways as well as private airlines, Air Blue and Shaheen Airlines, to facilitate travel by its passengers with confirmed bookings.
Using flight search, travellers in the US, Canada, the UK, the Netherlands, Spain, France, Italy, Germany, Poland and Ireland will be able to explore and compare flights to and from any of Etihad Airways 103 destinations.
The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
Etihad is in talks to pick up a 24 percent stake in Jet.
Ticket refunds remain a challenge, though Jet claims the amount would be credited in 7 to 10 working days after the request is processed.
Abu Dhabi-based Etihad Airlines has agreed to halve the number of directors on the Jet Airways Board to two posts under the Rs 2,058 crore deal, giving the Indian promoters 'effective control' of the carrier.
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