Big Law

Jet Airways Acquires Six Boeing Planes

 Jet Airways, which is undergoing an insolvency resolution process, has acquired ownership of six Boeing aircraft along with engines, according to a regulatory filing. The acquisition of the planes and engines has been funded from the proceeds of sale of the airline’s Bandra-Kurla headquarters in the city last month.

As per the filing, a buyout option was exercised whereby the company made payment of USD 13,000,000 to acquire ownership of six aircraft and engines. Jet Airways Resolution Professional Ashish Chhawchharia had received permission from the National Company Law Tribunal (NCLT) to sell the headquarters.

Read the source article at devdiscourse.com

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