Quarterly Updates11 Feb 2026, 03:10 pm
Jet Airways (India) Ltd. Sells Three Aircraft Frames and Engines for a Total of USD 45,500,000
AI Summary
Jet Airways (India) Ltd. has executed the Sale and Purchase Agreement and related documents to sell three Aircraft Frames and Engines. The sales were conducted pursuant to the liquidation process under the Insolvency and Bankruptcy Code, 2016. The three transactions were completed with Ace Aviation IX Limited, Ace Aviation X Limited, and Ace Aviation VIII Limited, all based in Malta. The total sale price for the three aircraft frames and engines was USD 45,500,000.
Key Highlights
- Jet Airways (India) Ltd. sells three aircraft frames and engines for a total of USD 45,500,000
- Sales conducted pursuant to the liquidation process under the Insolvency and Bankruptcy Code, 2016
- Transactions completed with Ace Aviation IX Limited, Ace Aviation X Limited, and Ace Aviation VIII Limited, all based in Malta
- No related party transactions
- Transactions not related to promoter/promoter group/group companies