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

Shortpedia

Content Team
Image Credit: shortpedia

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.