Please find enclosed intimation regarding e-auction
Awaiting price reaction for this filing.
Jet Airways (India) Limited, which is currently under liquidation, is selling two Boeing 777-300ER aircraft (VT-JET and VT-JEU) based in Delhi through an online e-auction on the BAANKNET platform. The combined reserve price for the two aircraft is approximately ₹356.75 crore, with individual reserve prices of ₹171.80 crore and ₹184.95 crore. The e-auction will take place on March 27, 2026, and bidders must submit eligibility documents and earnest money deposits by March 24, 2026. The sale is being conducted by Liquidator Mr. Satish Kumar Gupta under the Insolvency and Bankruptcy Code, 2016, with foreign bidders also allowed to participate.
This is part of the ongoing liquidation process, meaning existing equity shareholders are very unlikely to receive any value back as proceeds will go to creditors per the IBC waterfall priority. The successful sale of aircraft will help recover some value for lenders and other creditors but confirms there is no path to revival of the airline.