BSEJet Airways (India) LtdHighNeutral
Announced Wed, 8 Apr · 17:27 IST
Jet Airways sells two Boeing 777 aircraft for ₹568.18 Cr in e-auction
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Jet Airways (under liquidation) sold two Boeing 777-300ER aircraft through e-auction on BAANKNET. Both bids far exceeded reserve prices: VT-JET fetched ₹309.25 Cr (reserve ₹171.81 Cr) from Ace Aviation XIV Ltd, and VT-JEU fetched ₹258.93 Cr (reserve ₹184.95 Cr) from Ace Aviation XV Ltd. Total sale value: ₹568.18 Cr vs combined reserve of ₹356.76 Cr. Conducted by Liquidator Satish Kumar Gupta under IBBI regulations.
Likely market impact
Sale proceeds will go to creditors per IBC liquidation waterfall. No airline revival expected; further asset sales likely as liquidation continues.