Dentons Link Legal has facilitated Ace Aviation in acquiring Jet Airways' Boeing 777-300ER aircraft for ₹568 crore. This acquisition marks a significant transaction for the aviation sector.
Ace Aviation Secures Acquisition of Jet Airways Aircraft
Dentons Link Legal has successfully assisted Malta-based Ace Aviation in its acquisition of two Boeing 777-300ER aircraft from Jet Airways (India) Ltd., for a total of ₹568.179 crore. This transaction, involving aircraft currently positioned at Delhi International Airport, was concluded after a competitive bidding process.
The acquisition faced legal challenges when an opposing bidder, Industrial Asset Transaction Services Private Limited, contested the auction results before the National Company Law Tribunal (NCLT) in Mumbai. Nevertheless, the process concluded favorably for Ace Aviation, demonstrating the robustness of the auction framework and legal processes involved.
This transaction underscores the growing dynamics of the aviation sector and the significance of legal advisement in facilitating high-value asset acquisitions. Legal practitioners involved in corporate and aviation sectors should note this landmark acquisition as a reference for future high-profile deals.
Citations
- Jet Airways Acquisition Case (2026)
