Jet's liquidation may take off with auctioned planes
Financial Express Lucknow|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
Jet's liquidation may take off with auctioned planes

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.

This story is from the December 16, 2024 edition of Financial Express Lucknow.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 16, 2024 edition of Financial Express Lucknow.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS LUCKNOWView All
Financial Express Lucknow

India looking for deep ties with Trump govt: Goyal

GOODS AND SERVICES EXPORTS TO CROSS $800 BN THIS FISCAL: MINISTER

time-read
1 min  |
January 04, 2025
Financial Express Lucknow

Govt open to make it easier for startups to return to India

THE GOVERNMENT IS open to ideas to make it easier for startups that have migrated overseas to return, commerce and industry minister Piyush Goyal said on Friday.

time-read
1 min  |
January 04, 2025
Financial Express Lucknow

White-collar hiring up 9% in December

Jobs Update

time-read
2 mins  |
January 03, 2025
Financial Express Lucknow

Manu, Gukesh Among 4 to Be Awarded Khel Ratna

DOUBLE OLYMPIC-MEDAL-LIST Manu Bhaker and chess world champion D Gukesh were among four winners of the Major Dhyan Chand Khel Ratna award announced by the Sports Ministry, which also named an unprecedented 17 para-athletes in the list of 32 Arjuna awardees to honour their resounding success at the Paris Paralympics.

time-read
1 min  |
January 03, 2025
Financial Express Lucknow

Climate Change Mitigation Needs Funding

At the fourth edition of the IE Thinc: CITIES series, presented by The Indian Express with Omidyar Network India and moderated by Amitabh Sinha, Editor (Climate and Science), panellists discussed how municipal bodies can leverage capital markets to solve climate-related problems

time-read
3 mins  |
January 03, 2025
Financial Express Lucknow

Captain Rohit to miss Sydney Test, 'opts to rest'

THE EARLY HINT of India captain Rohit Sharma sitting out of the final Test of the Border-Gavaskar Trophy at Sydney came from head coach Gautam Gambhir.

time-read
3 mins  |
January 03, 2025
Financial Express Lucknow

Norms for capex release...

THE BALANCE OF ₹55,000 crore is untied advances to states for projects identified by the states.

time-read
2 mins  |
January 03, 2025
Financial Express Lucknow

Indices soar nearly 2%

EQUITY INDICES OF China, Hong Kong, and Thailand declined by up to 2.66%, while Indonesia (up 1.18%), Australia (up 0.53%), and Singapore (up 0.35%) ended with gains.

time-read
1 min  |
January 03, 2025
Financial Express Lucknow

Rein in tax terrorism

WE NEED A TRANSPARENT SYSTEM THAT CURBS LITIGATION AND A QUICK RESOLUTION PROCESS

time-read
4 mins  |
January 03, 2025
Financial Express Lucknow

When Big Idea Met Big Tech

AI IN ADVERTISING

time-read
1 min  |
January 03, 2025