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Bankrupt Jet Airways plans to sell Netherlands business to Dutch airline KLM

Shortpedia

Content Team

Bankrupt Jet Airways plans to sell its Netherlands business to KLM Royal Dutch Airlines, according to a regulatory filing. The domestic full-service carrier, which shuttered operations last April, is undergoing an insolvency resolution process. The company said there is a separate liquidation proceeding ongoing in the Netherlands and that the resolution professional has agreed on a co-operation protocol with the Dutch trustee.