Jet Airways lenders may sell 11 aircraft in absence of resolution: Report
The lenders of Jet Airways may sell 11 planes of the carrier as the execution of the resolution plan is delayed. They said that even one-and-a-half years after the resolution plan was approved by the National Company Law Tribunal (NCLT), the Jalan-Kalrock consortium has failed to pay the required amount, the Economic Times (ET) reported.
“…banks cannot transfer the company till we receive the money, and the way things are, it seems that the execution of the deal will not happen soon. Meanwhile, the 11 planes we have in our possession are also losing value. Maybe the time has come to relook at selling those,” a person aware of the matter told ET.
