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 to file a response to Challenge Group’s appeal on May 17, India’s Financial Express reported. The company’s chief investment officer, Michael Koish, told…

Source: ch aviation
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