Liquidators are auctioning the remaining assets of Jet Airways, including three Boeing aircraft and operational equipment, following the formal liquidation of the airline. This sale marks the final step in the process after years of unsuccessful attempts to restart operations.
Seven years after grounding its fleet, Jet Airways is liquidating its remaining physical assets. The auction, managed by the appointed liquidator, includes a variety of items ranging from commercial aircraft to office equipment, signaling the formal end of a long-standing corporate resolution attempt.
Boeing Aircraft and Engineering Inventory
The most significant assets under the hammer are three Boeing aircraft, which carry varying reserve prices based on their condition and model. A Boeing 737-800 is listed with a reserve price of Rs 90.02 crore, while a second 737-800 has a reserve set at Rs 70.64 crore. A third aircraft, a Boeing 737-900 that is missing an engine, is listed at a starting price of Rs 4.93 crore. Beyond the jets, the auction includes specialized engineering inventory. This includes rotables—reusable aircraft parts compatible with several Boeing and Airbus models—along with tooling and essential aircraft consumables.
Operational Assets and Equipment
The sale extends to various operational items previously used by the airline. Assets listed include catering equipment valued at Rs 3.19 crore and aircraft meal carts worth Rs 2.26 crore. The inventory also includes miscellaneous items such as crew uniforms and office stationery. Additionally, the company’s vehicle fleet, which features an Audi A6 and several other sedans, has been included with a combined reserve price of approximately Rs 40 lakh.
Conclusion of a Long-Running Saga
This auction process follows the collapse of several attempts to revive the airline, which suspended operations in April 2019. Although a resolution plan was approved by the National Company Law Tribunal in 2021, persistent legal disputes and the inability to implement the plan led to the liquidation of the company in late 2024. For creditors and stakeholders, this sale represents the final stage in recovering value from the remaining balance sheet items. The process effectively ends any potential for a corporate turnaround, as the entity now shifts toward the final disposal of its physical holdings.