NEW DELHI:With prospective buyers lining up to take a shot at bagging Jet Airways cheap, its prime asset -- the flying license -- is under the aviation regulator's scrutiny that might derail the NCLT-backed resolution process. A revoked Air Operator Certificate (AOC) will render lower than expected recovery from the airline which has an outstanding of over ₹8,000 crore. Recently, London-based AdiGroup partnered with Jet Airways Employee Consortium partnered to bid for 75 per cent stake of Jet under the insolvency resolution process. The NCLT process entails that resolution professional will first finalise a list of genuine claimants of due money from Jet. Running out of cash, Jet Airways had suspended its entire operations on April 17.

Source: Mint June 30, 2019 13:41 UTC