Jet's liquidation may take off with auctioned planes
Financial Express Delhi|December 16, 2024
AFTER A DELAY of more than two years, three Boeing 777s, formerly owned by Jet Airways and lying at the Mumbai airport, may finally be transferred to Malta-based Challenge Group.
SWARAJ BAGGONKAR

The airline's senior executives, who spoke exclusively to FE, said that there is a positive approach from the lenders and the liquidator of erstwhile Jet Airways. The conclusion of this long-pending deal could be among the first of the several milestones in the liquidation process of Jet Airways.

On orders of the Supreme Court, the final week of November saw the National Company Law Tribunal (NCLT) appoint Satish Kumar Gupta as the liquidator of long-grounded Jet Airways, on the submission of State Bank of India, the lead lender to the airline.

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