business / news / / The Financial Express
Jet Airways (India) Limited has auctioned its last two Boeing 777-300ER aircraft.
Jet Airways auctioned its last two Boeing 777-300ERs for Rs 568.18 crore, 59% above reserve price.
KEY POINTS
- Ace Aviation XIV and XV Limited acquired both aircraft, having previously bought three other Jet Airways planes.
- The auction saw strong secondary market demand for wide-body aircraft despite Jet Airways' insolvency.
- Jet Airways still holds Airbus A330-200 and Boeing 737-800 aircraft to be sold in future phases.
- The Supreme Court ordered Jet Airways' liquidation in November 2024 after the Jalan-Kalrock Consortium defaulted.
COMPANIES
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