Jet Airways (9W), the once-prominent Indian carrier undergoing liquidation under a court-supervised insolvency process, has announced the e-auction of three additional aircraft as efforts continue to recover value from the airline’s remaining assets.
Jet Airways News
Jet Airways sells three Boeing 777 aircraft to Challenge Group for $46M after insolvency clearance and legal approvals in India.
Jet Airways’ lenders have alerted the Supreme Court that the Jalan-Kalrock Consortium (JKC) failed to fulfill a crucial condition for ownership transfer.
Jet Airways, the National Company Law Appellate Tribunal (NCLAT) affirmed, on March 12, the transfer of ownership of the grounded airline to Jalan Kalrock Consortium (JKC).
Ace Aviation, engaged in a pursuit with Jet Airways for acquisition of three Boeing 777, expressed urgency to finalize deal within six months.
Jalan-Kalrock Consortium (JKC), the entity chosen as the successful resolution applicant for Jet Airways, has requested the Supreme Court’s permission to substitute a ₹150-crore performance bank guarantee with a new financial instrument
Jet Airways shared a throwback to the old days when they used to sell Imli candy on their Flights. Read More about it Here