Mumbai/New Delhi: DVB Bank, the world's largest aircraft financier, has filed a case against the country's aviation regulator for delayed deregistration of two Kingfisher Airlines aircraft, accusing the Indian administration of helping Vijay Mallya, the bankrupt airline's billionaire owner.
The German firm has also vowed to suspend all funding to Indian carriers casting doubts over future purchase programmes of airlines such as Indi-Go and Jet Airways.
The two Kingfisher aircraft in question are now located in Turkey and under the possession of DVB, but the hapless German bank is finding it impossible to deregister the aircraft from India and proceed with its sale. DVB took possession of the aircraft when it landed in Turkey in August for regular maintenance.
20/12/12 Satish John & Anindya Upadhyay/Economic Times
