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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.
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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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.
Direct flight from Nairobi to Tel Aviv will reduce transit time from 24 hours to 5 hours