With prospective buyers lining up to take a shot at bagging Jet Airways cheap, its prime asset — the flying license — is under the aviation regulator’s scrutiny that might derail the NCLT-backed resolution process. Industry insiders privy to the development say that buyers are waiting for the final word from the regulator which is expected to be announced July 16. Even the bankers to the now-grounded airline are nervous. A revoked AOC will render lower than expected recovery from the airline. However, since the NCLT has stated that matter of resolution at Jet Airways is considered to be of “national importance”, the resolution professional is widely expected to request the aviation regulator to extend the AOC’s validity. <br/>