Jet Airways, which ceased operations in April 2019 after 25 years of flying, has sold three Boeing 777 aircraft frames along with six engines to a Malta-based buyer for USD 46 million. The sale comes as part of the airline’s ongoing liquidation process to settle debts.
Aircraft & Engines Sold: Three Boeing 777 frames and six engines have been sold under a formal agreement to a Malta-based entity.
Sale Value: The total transaction is valued at USD 46 million, helping Jet Airways recover part of its assets during liquidation.
Background: Jet Airways stopped flying in 2019 due to financial challenges and has since been under liquidation proceedings.
BSE Filing: The airline confirmed the execution of the sale and purchase agreement along with all related documents in its filing to the Bombay Stock Exchange (BSE).
Asset Monetization: The sale reflects ongoing efforts to manage liabilities and maximize returns from remaining assets.
