Tuesday, December 11, 2012

Kingfisher lessor takes back 4 planes; tax dept confiscates 1

Mumbai: Five planes of Kingfisher Airlines have been grounded - four taken back by US-based leasing company ILFC and one confiscated by the service tax department -- compounding troubles for the beleaguered carrier.
Neither Kingfisher nor the lessor - International Lease Finance Corporation (ILFC) - offered any comment.
"One more lessor, International Lease Finance Corporation has taken back four Airbus planes from Kingfisher following non-payment of lease rentals," sources said, adding that the aircraft are now parked at the Mumbai airport.
According to the sources, Kingfisher has six Airbus planes leased from ILFC in its fleet of 42 aircraft.
11/12/12 ZeeNews
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