New Delhi: Foreign aircraft leasing companies wishing to repossess their planes from near bankrupt Kingfisher are paying Airports Authority of India (AAI) about a crore for flying each plane out of India. Kingfisher owes about Rs 290 crore to the state-run AAI and the latter told the airline it would not allow any lessor to repossess aircraft from it — due to non-payment of lease rentals — to leave India unless the dues are cleared.
"About two months back, Kingfisher paid us about Rs 1 crore or 2 crore so that a lessor could take their aircraft back. Later the airline could not even pay that much to allow lessors to take planes out of India. Now lessors are coming to us and paying money to do that. So far, three aircraft have been repossessed by lessors by paying us Rs 1 crore per plane. Kingfisher has not paid them and they are paying us so that the planes can be leased out to some other airline abroad," said a senior AAI official.
25/09/12 Saurabh Sinha/Times of India
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"About two months back, Kingfisher paid us about Rs 1 crore or 2 crore so that a lessor could take their aircraft back. Later the airline could not even pay that much to allow lessors to take planes out of India. Now lessors are coming to us and paying money to do that. So far, three aircraft have been repossessed by lessors by paying us Rs 1 crore per plane. Kingfisher has not paid them and they are paying us so that the planes can be leased out to some other airline abroad," said a senior AAI official.
25/09/12 Saurabh Sinha/Times of India
