Challenge Group threatens to scrap Jet Airways B777 deal
Frustrated by an almost two-year delay, Malta-based Challenge Group - the winning bidder for three parked B777-300ERs of India's long-grounded Jet Airways (JAI, Mumbai International) - has threatened to walk away from the deal pending the outcome of a last-ditch appeal before the country's National Company Law Tribunal (NCLT). The NCLT's monitoring committee is due [...]