New Delhi: Debt-laden Kingfisher Airlines is facing a fresh challenge, this time from disgruntled lessors who are clearing dues owed by the airline to the Airports Authority of India (AAI) and repossessing their leased aircraft, currently grounded in a few airports in India.
Forty of the Vijay Mallya-owned airline's aircraft are grounded, of which it owns 10. State-owned AAI disallowed the use of remaining 30 leased ones unless Kingfisher cleared dues of 280 crore to the airport operator.
In the backdrop of Kingfisher defaulting on clearing dues for months together, officials from the AAI confirmed that lessors are now approaching them directly, depositing money and taking back their aircraft.
23/10/12 Anindya Upadhay/Economic Times
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Forty of the Vijay Mallya-owned airline's aircraft are grounded, of which it owns 10. State-owned AAI disallowed the use of remaining 30 leased ones unless Kingfisher cleared dues of 280 crore to the airport operator.
In the backdrop of Kingfisher defaulting on clearing dues for months together, officials from the AAI confirmed that lessors are now approaching them directly, depositing money and taking back their aircraft.
23/10/12 Anindya Upadhay/Economic Times
