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Challenge Group closer to taking possession of Jet's B777s.
"The cost to return a Boeing 777 to airworthy condition could easily reach tens of millions of dollars per aircraft."
As Jet Airways' liquidation process begins nearly six years after the airline ceased operations in April 2019, the Indian Supreme Court's November decision to overturn the National Company Law Appellate Tribunal’s (NCLAT) approval of a takeover bid has led the National Company Law Tribunal (NCLT) to appoint Satish Kumar Gupta as the liquidator.
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