Kingfisher defers delivery schedule of superjumbo A380s

New Delhi: Kingfisher Airlines on Thursday said it has deferred the delivery of superjumbo Airbus A380 and induction of other aircraft like A330 and A320.
"We have deferred the delivery schedule of A380, which was expected to begin next year. Delivery of other aircraft like A330s and A320s, has also been deferred," Vijay Mallya, Chairman of the airline, said at a CII conference here.
The airline has placed orders for a total of 67 aircraft, which includes, five A380s, 42 A320s and 15 A330s.
In this context, he said Jet Airways had also leased several of its Boeing 777s to other global carriers and termed the decisions to defer deliveries or lease out planes as "day -to-day business decisions" to maintain capacity induction in the right perspective.
Mallya also said that the fund raising plans for the airline was on schedule, when asked about reports that plans to raise USD 200 million through an issue of global depositary receipts (GDRs) has been put on hold.'
23/09/10 Economic Times

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Categories: Kingfisher Sep 2010