MDLR resolves row with Trident Jet

New Delhi: Gurgaon-based MDLR Airlines has said it has resolved a dispute with aircraft leasing company Trident Jet (Dublin) for buying three airplanes owned by the latter. It has asked the country's aviation sector regulator Directorate General of Civil Aviation (DGCA) to register the jets in its name so that the airline could start regional air transportation service under brand name Jet Sapphire.
The DGCA had last year cancelled aircraft registration of three jets of MDLR following a United Kingdom (UK) court order. Subsequently the government permission to the airline to start regional air connectivity also expired.
“The cause for action of de-registering the aircraft no longer exists since the dispute with the lessors have been resolved and the company has now purchased all three aircraft,” MDLR chairman and managing director Gopal Goyal has written to the DGCA.
09/05/11 Nirbhay Kumar/Financial Express

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Categories: Foreign May 2010, MDLR May 2011, New May 2011