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Ace Aviation approaches NCLAT to expedite sale of three Jet Airways aircraft

By Economic Times - 9 months ago
Ace Aviation seeks expedited sale of three aircraft previously owned by Jet Airways by approaching NCLAT. It argues for possession of assets, transfer of ₹340 crore, and highlights the complex technology and restoration efforts required for the aircraft. The company also argued that the aircraft involved complex technology, and if the aircraft are poorly maintained, they can quickly deteriorate to a point where it would be difficult to restore them.

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