Jet Airways (9W), the grounded Indian carrier now under liquidation, has issued a public notice for the e-auction of three Boeing 737 aircraft. The assets include two Boeing 737-800s and one Boeing 737-900, parked at Rajiv Gandhi International Airport (HYD), Hyderabad; Chhatrapati Shivaji Maharaj International Airport (BOM), Mumbai; and Indira Gandhi International Airport (DEL), Delhi. The liquidator has scheduled the sale for July 18, 2026, through the BAANKNET e-auction platform.
This auction follows the sale of five Boeing 777-300ER aircraft to Malta-based Ace Aviation for a combined sum of about $107 million. Jet Airways had 11 aircraft assets on its books when it ceased operations in 2019. Three Airbus A330s still remain to be auctioned after this latest sale.
Why Jet Airways Is Selling Its Remaining Fleet
Jet Airways stopped flying on April 17, 2019, after running out of cash to pay lessors, lenders, and staff. The carrier entered the Corporate Insolvency Resolution Process soon after. A revival attempt led by the Jalan-Kalrock Consortium followed but did not succeed.
The Supreme Court of India ordered the airline’s liquidation on November 7, 2024. It ruled that the consortium had failed to meet the terms of its approved resolution plan. This decision shifted the focus from reviving Jet Airways to selling off its remaining assets to repay creditors.
Liquidator Satish Kumar Gupta now runs the asset sale process. He works in consultation with the Stakeholders’ Consultation Committee, as required under the Insolvency and Bankruptcy Board of India’s Liquidation Process Regulations, 2016. The aircraft sales form the largest single category of assets left to dispose.
Details of the Three Boeing 737 Aircraft on Sale
The upcoming auction covers three narrow-body jets that once formed part of Jet Airways’ domestic fleet. These aircraft have been grounded since the airline’s collapse in 2019, similar to the carrier’s wide-body jets sold earlier this year.
The assets up for sale are:
- Two Boeing 737-800 aircraft
- One Boeing 737-900 aircraft
- Aircraft currently parked in Hyderabad, Mumbai, and Delhi
- Sale conducted on an e-auction basis through BAANKNET
The e-auction is set for July 18, 2026. As with previous Jet Airways aircraft sales, bidders will likely need to submit eligibility documents and an earnest money deposit ahead of the sale date.
How This Compares with the Boeing 777 Sales
Jet Airways completed the sale of its five Boeing 777-300ER aircraft to Ace Aviation, a subsidiary of Malta-based Challenge Group, earlier in 2026. The combined value of that deal reached approximately $107 million.
The first batch of three Boeing 777-300ERs was sold for $46 million in February 2026, following a bidding process that began back in 2022. That sale faced years of litigation, including challenges before the National Company Law Tribunal and the Supreme Court, before the Sale and Purchase Agreements were finally signed in Dubai on January 20, 2026.
A second batch of two Boeing 777-300ERs followed in April 2026. According to a report by the STAT Trade Times, Challenge Group paid roughly $61.4 million for these two aircraft, which were parked at Delhi Airport. That report noted the planes were nearly 19 years old and had remained grounded since April 2019.
The Boeing 737 auction differs from the 777 sales in one key way. The wide-body jets were aimed at the cargo conversion market, while the narrow-body 737s are smaller, single-aisle aircraft typically suited for short-haul domestic routes or regional freighter conversion.
What Remains of Jet Airways’ Fleet
Jet Airways held 11 aircraft assets when it grounded its fleet in 2019. Five of these, the Boeing 777-300ERs, have already been sold. Three Boeing 737s are now listed for the July 18 auction.
Once this sale concludes, three Airbus A330 aircraft will remain as the final assets to be auctioned. Their sale will likely follow a similar process, with a public notice, an earnest money deposit requirement, and an e-auction conducted on the BAANKNET platform.
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The Financial Stakes Behind the Liquidation
Jet Airways owes financial creditors close to ₹7,807 crore. This figure does not include other dues owed to employees and additional creditors.
Total admitted claims against the airline, factoring in employee dues and other creditor claims since the 2019 grounding, stand at approximately ₹15,723 crore. The proceeds from aircraft sales, including this latest Boeing 737 auction, will go toward settling part of this amount.
The scale of these claims explains why the liquidator has pursued aircraft sales steadily since the Supreme Court’s 2024 liquidation order. Each aircraft sale, however modest compared to the total claims, adds incremental value for creditors awaiting recovery.
What Happens Next
Bidders interested in the three Boeing 737 aircraft will need to follow the process set out on the BAANKNET platform at ibbi.baanknet.com. This typically involves submitting eligibility documents and an earnest money deposit ahead of the auction date.
The July 18, 2026, e-auction will mark another step toward closing out Jet Airways’ aircraft asset book. Only the three Airbus A330s will remain after this sale, bringing the long-running liquidation process closer to its conclusion.