Mumbai: The Indian civil aviation regulator met representatives of DVB, the German transportation finance bank and Kingfisher Airlines over the issue of de-registration of DVB's two aircraft leased to the grounded carrier.
The regulator has conveyed that a decision will be taken by the government before the matter comes for a hearing in the court later in April. The regulator met the two entities along with the service tax department which has outstanding dues from Kingfisher alongwith the State bank of India as it heard the representation from all the stakeholders.
"Following discussion of all the relevant facts, the DG stated that the DGCA will make a decision on DVB's de-registration application before the court hearing scheduled for 08 April 2013," said Carsten Gerlach, senior vice president, aviation finance, DVB Bank SE in a mailed response to ET's query. He declined to elaborate further till such time as the regulator made its stand clear.
25/03/13 Manisha Singhal/Economic Times
