Sunday, October 21, 2012

Airports Authority of India won't let lessors take Kingfisher Airlines planes

New Delhi: Skeptical of Kingfisher Airline's (KFA) claim of submitting a viable plan to restart operations, the aviation ministry and its agencies are going to turn the heat on the debt-laden carrier whose licence was suspended on Saturday. The Airports Authority of India (AAI) says two of its hangars are occupied by KFA, whose combined debt-cum-losses figure is at Rs 15,000 crore. The authority will wait for some time before vacating them and shifting the aircraft to grass field at airports.
"One aircraft has already been shifted to a grass field at Chennai airport. We have locked the hangars and will not allow KFA to take away anything from the hangars. Two more hangars are with the airline and after a while we will vacate them too so that they can be rented out to others. The aircraft won't be allowed to be repossessed by lessors unless we get about Rs 15 crore per plane," said a senior official of AAI, whom KFA owes close to Rs 300 crore.
22/10/12 Saurabh Sinha/Times of India
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