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Challenge Group says it may pull out of Jet Airways aircraft deal, seek refund with interest

Michael Koish, Chief Investment Officer of Challenges Airlines, which won the bid for three of Jet Airways Boeing 777-300 aircraft, told Moneycontrol that the bankrupt airline s monitoring committee has become unresponsive despite court orders to hand over possession of the aircraft. ....

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ch-aviation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ch-aviation.com Daily Mail and Mail on Sunday newspapers.

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ch-aviation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ch-aviation.com Daily Mail and Mail on Sunday newspapers.

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'Acquiring grounded planes in India is a major struggle'

Acquiring grounded aircraft in India remains a significant challenge, according to executives of the Challenge Group, which recently received court approval to acquire three aircraft from grounded Jet Airways after a delay of over a year. ....

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Jet Airways aircraft deal delay forcing us to seek alternatives: Challenge Airlines CEO

Eshel Heffetz, CEO, Challenges Airlines, told Moneycontrol, that while they have confidence in the Indian judiciary, it was starting to grow concerned by the mounting legal cost and the ultimate price tag for the work that will be needed to reactivate the aircraft. ....

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