Mallya's woes worsen as lessors take back 34 planes

Mumbai: With cash-starved private carrier Kingfisher Airlines defaulting on lease rentals of around Rs 1,000 crore, the lessors have taken back 34 aircraft, sources said here today even as the company maintained that it has returned the aircraft voluntarily.
Besides, another 15 aircraft of the company are also aground due to want of spares, and the airline is now left with only 15 planes to carry out its operations, they said.
"Lessors have taken back as many as 34 aircraft from Kingfisher between March and June, owing to non-payment of lease rentals, which stand at around Rs 1,000 crore," sources told PTI here.
The airline, however, said it has returned these aircraft voluntarily and that no aircraft was taken back by lessors by "force".
26/06/12 PTI/Business Standard

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Categories: Foreign Jun 2012, Kingfisher Jun 2012