Kalrock-Jalan consortium opposes sale of three Jet Airways planes
The Kalrock-Jalan consortium has opposed the sale of three Boeing 777 aircraft belonging to Jet Airways, likely delaying payments to the airline’s creditors.
The consortium is reviving Jet after it shut operations in April 2019 and the aircraft sale is a part of a bankruptcy resolution process.
Kalrock-Jalan is yet to pay Jet’s creditors and in a hearing before National Company Law Tribunal in Mumbai on Thursday, its lawyer said the consortium will file an intervening application opposing the sale.
The submission was made on a plea by European cargo airline Ace Aviation VIII Limited, which has emerged as the successful bidder for the three aircraft.
