New Delhi: International Lease Finance Corp ( ILFC), the plane-leasing business of insurance giant American International Group Inc, has asked India’s aviation regulator to deregister four aircraft leased to Kingfisher Airlines Ltd after termination of a contract. This happens shortly after Germany-based DVB Bank SE, the world’s largest aircraft financer, filed a case against Kingfisher for pending dues and taking back two aircraft, which are now in Turkey.
ILFC is also seeking return of the four aircraft, one of which was impounded by Indian tax authorities after the Vijay Mallya-led airline defaulted on payments. “We are examining the matter. Apart from deregistering, we will also have to issue export certification of airworthiness for those aircraft,” according to a senior civil aviation ministry official, who requested anonymity.
The Directorate General of Civil Aviation will take a decision on the matter.
21/12/12 Disha Kanwar/Business Standard
