NCLAT sends notice to Boeing as Jet Airways seeks ₹872-crore refund for undelivered aircraft
The bankrupt airline's liquidator has challenged an NCLT order dismissing its claim, arguing Boeing must return advance payments made for planes that were never delivered rather than adjusting them against dues.
The bankrupt airline Jet Airways has requested a refund of $92.13 million, or approximately ₹872 crore, from US aircraft manufacturer Boeing. This request was filed by the liquidator of Jet Airways, Satish Kumar Gupta, with the National Company Law Appellate Tribunal (NCLAT). The tribunal has given Boeing two weeks to respond, followed by one week for the liquidator to submit a rejoinder.
The matter is scheduled for hearing in the first week of December. Jet Airways had paid Boeing around $92 million as advance payments for aircraft that were never delivered, with the total value of the aircraft orders amounting to about ₹3,005 crore. Jet Airways had previously paid about ₹872 crore upfront for the aircraft. The dispute began in 2013 when Jet Airways signed two aircraft purchase agreements with Boeing for 737-8 aircraft and 787-9 Dreamliners.
However, the airline never received the aircraft and faced financial difficulties, ultimately leading to insolvency proceedings in June 2019. Boeing had previously claimed that the advance payments already made by Jet Airways should be adjusted against the airline's outstanding dues, rather than being refunded.
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