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© Photo of Jet Airways Boeing 737-76N by Aero Icarus, licensed under Creative Commons Attribution-ShareAlike 2.0 (CC BY-SA 2.0).

India's Former $1.8 Billion Aviation Giant, Jet Airways, Ordered to Liquidate Assets by Supreme Court

India’s Supreme Court has ordered the liquidation of Jet Airways, ending the journey of what was once one of India’s most admired private airlines. Founded in 1993, Jet Airways became a symbol of premium service in Indian aviation, catering to both domestic and international commercial travelers. At its peak in 2018, the airline was valued at approximately $1.5 billion and was expected to be a leading force in connecting India to the world. Known for its comfortable flights, attentive service, and extensive network, Jet Airways operated hundreds of flights daily, linking major Indian cities with destinations across Asia, Europe, and North America. It was widely regarded as India’s answer to global airlines like British Airways and Emirates.

Jet Airways’ financial troubles began with rising operational costs and aggressive expansion, which burdened the airline with high debt. Additionally, intense competition from low-cost carriers made it difficult for Jet Airways to maintain market share, as many travelers favored budget airlines. Attempts to restructure debt and secure funding fell short, leaving the airline unable to pay creditors and employees, ultimately forcing it into bankruptcy.
The Jalan-Kalrock Consortium had initially won the bid to revive Jet Airways, but significant financial and operational hurdles soon emerged. Ongoing delays and an inability to meet financial obligations—particularly payments owed to creditors and former employees—led the Supreme Court to step in and order liquidation, marking the end of Jet Airways’ comeback efforts.
With this order, Jet Airways’ assets will be sold, and the proceeds will go toward paying off its outstanding debts. This liquidation marks a somber end to a brand once seen as a standard- bearer of Indian aviation.
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