AAI gets Rs 1cr, allows lessor to repossess 2 planes of Kingfisher airlines

New Delhi: State-run Airports Authority of India (AAI) has stuck to its threat of not allowing Kingfisher's aircraft lessors to repossess planes from the crisis-ridden airline till it clears at least a part of the massive Rs 290 crore dues. A desperate lessor was able to take back two planes parked at a south Indian airport only after the cash-strapped airline managed to cough up Rs 1 crore to AAI.
"We have issued a final warning to the airline that now on no aircraft will be allowed to leave India till the dues are cleared. They have 40 planes of which 30 are leased and none of them would be allowed to be repossessed. The desperation among lessors, vendors and employees is reaching unsustainable levels," said a senior AAI official.Centre for Asia Pacific Aviation India head Kapil Kaul also warned on Monday that the airline may have to do a temporary operational shutdown unless the management is able to infuse funds.
21/08/12 Saurabh Sinha/Times of India

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Categories: airports Aug 2012, Foreign Aug 2012, Kingfisher Aug 2012