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Argentina’s CAA Auctions Three Ex-Austral MD80s for $45M

Argentina’s Civil Aviation Authority (CAA) has initiated the auction of three ex-Austral MD80 aircraft currently in storage. The aircraft include two MD83s, with serial numbers 53117 and 49906, and one MD88, serial 53049. The combined value of the auction is estimated at US$45 million.

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Jet Airways Liquidation May Transfer Aircraft to Challenge Group

The liquidation process for Jet Airways (India) is gaining momentum, with auctioned planes potentially being transferred to the Challenge Group, based in Malta. This development reflects a positive approach from both the lendersand the liquidator, who are working towards a resolution that maximizes asset recovery.