Challenge Group will rethink India plan if B777 deal fails

Photo: Challenge Group

Challenge Group sounds increasingly frustrated with its attempts to buy 777s for conversion from India’s Jet Airways. Challenge subsidiary Ace Aviation has filed a complaint with a tribunal court in Mumbai, which hears the case today. Challenge Group CEO Eshel Heffetz told India’s Business Standard that the group had deposited $5.6m for five aircraft – three in Mumbai and two in Delhi – but claims there have been significant delays; nothing has happened for two years. In the meantime, it ...