Quote from Mr. Eshel Heffetz, CEO of The Challenges Airlines - Supreme Court upheld the NCLAT’s decision sale of Jet planes to Ace Aviation

The Supreme Court upheld the NCLAT’s decision that allowed the sale, saying it would benefit JKC by providing additional funds to clear lenders' dues and revive the airline.

Mr. Eshel Heffetz, CEO of The Challenges Airlines comments on this development:

"We're pleased with the Supreme Court's validation of the NCLAT’s ruling on the sale of Jet Airways aircraft to Ace Aviation. We see this as a landmark decision that would benefit the interest of all stakeholders involved by providing additional funds to clear lenders' dues.

Our confidence in the judicial process remains unwavering. We're steadfast in our commitment to a swift conclusion and eagerly anticipate the rapid acquisition of the three aircraft, in perfect alignment with aviation and market standards."

Challenge Group is a unique, international air cargo conglomerate offering tailored air freight industry solutions from handling, air and ground logistics, to aviation services, for a wide range of industries and commodities. Challenge Group employs over 1,000 people across three airlines (Challenge Airlines IL in Israel, Challenge Airlines BE in Belgium, Challenge Airlines MT in Malta), a commercial division (Challenge Air Cargo) in Malta, a ground handling company (Challenge Handling in Liege, Belgium), a European road feeder provider (Challenge Logistics in Liege, Belgium), an aircraft and parts leasing division (Challenge Aviation), and a comprehensive line maintenance provider (Challenge Technic). The company has trebled its capacity over the past four years and now handles 300,000+ tonnes of cargo per year.

Eshel Heffetz is the founder and CEO of Challenges Airlines (BE). He has previously held leading roles with other airlines and within the Challenge Group. He has tremendous experience and is a well-known leader in the aviation and industrial arena. He has had a successful career as an Air Force Pilot and holds an MBA from Tel Aviv university.

 

To learn more about Challenge Group’s End-to-End solutions and ancillary portfolio, please visit: https://challenge-group.com/