Jet Airways Liquidation: Boeing 777s Sold for ₹568 Crore, Beating Reserve

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AuthorAarav Shah|Published at:
Jet Airways Liquidation: Boeing 777s Sold for ₹568 Crore, Beating Reserve
Overview

Jet Airways (India) Ltd, currently in liquidation, has successfully sold two Boeing 777 aircraft via e-auction. The sale garnered ₹568.18 crore, substantially surpassing the combined reserve prices. This move advances asset monetization efforts crucial for creditors as the airline's liquidation continues.

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Auction Details: Boeing 777s Sold Well Above Reserve

The e-auction for Jet Airways' two Boeing 777-300ER aircraft concluded with bids totaling ₹568.18 crore. This amount represents a significant premium over the combined reserve price of ₹356.75 crore. The sale, conducted via the BAANKNET platform, is a vital component of the ongoing liquidation proceedings aimed at recovering assets for the airline's creditors.

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