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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.
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.