Jet Airways Announces Auction Outcome for Sale of Boeing 777 Aircraft Assets
Jet Airways (India) Ltd confirmed the outcome of the e-auction process for its assets, specifically two Boeing 777 aircraft based in Delhi. The auction was conducted by the Liquidator, Mr. Satish Kumar Gupta, following previous intimations issued on March 5, 2026, and March 20, 2026.The sale of the assets was undertaken through the e-auction platform BAANKNET (formerly eBKray). Details regarding the highest bid and successful bidders for the aircraft assets have been reported.
A summary of the auction results for the two assets is provided below:
| Asset Set | Description of Asset | Auction ID | Reserve Price (INR) | Highest Bid (INR) | Successful Bidder |
|---|---|---|---|---|---|
| 1 | Aircraft - B777-300ER - MSN 35157 VT-JET (Asset ID: 3751) | 2914 | 1,71,80,50,000 | 3,09,24,90,000 | Ace Aviation XIV Limited |
| 2 | Aircraft - B777-300ER- MSN 35160 - VT-JEU (Asset ID: 3753) | 2915 | 1,84,95,00,000 | 2,58,93,00,000 | Ace Aviation XV Limited |
| Total | 3,56,75,50,000 | 5,68,17,90,000 |
The successful bids for the two aircraft units total a combined highest bid of 5,68,17,90,000 INR, against a cumulative reserve price of 3,56,75,50,000 INR.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.