DELHI: Vijay Mallya-led Kingfisher Airlines' hopes to fly again seem to be steadily receding as the airline does not have any aircraft 'fit' to fly. On Monday, banks had withdrawn financial support to the airline by declaring their intention to recall loans. Since November 2011, the airline's fleet of 64 aircraft has come down to 38, none of which are airworthy.
According to sources at aviation regulator DGCA's office, 11 aircraft of the debt-laden airline were deregistered and taken back by lessors over 2012, with the last one deregistered on December 28, 2012.
DGCA sources say other aircraft lessors are desperate to reclaim their aircraft but cannot do so as the airline has cannibalised them, rendering them non-airworthy.
"Lessors are waiting for the remaining planes to get back into serviceable shape before taking them back. If they had the choice, they would have already done it," officials at the Directorate General of Civil Aviation told ET. KF Turbo Leasing, KF Aero and Plateau Aviation Ltd are the leasing companies that reclaimed aircraft last year. Meanwhile, the world's leading aircraft lessor International Lease Finance Corp (ILFC) has also applied for deregistering two of its planes. ILFC had leased four Airbus 320 and one Airbus 321 (total five) aircraft to Kingfisher
http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-in-cage-no-cash-and-now-it-has-no-jets-to-fly/articleshow/18508561.cms
According to sources at aviation regulator DGCA's office, 11 aircraft of the debt-laden airline were deregistered and taken back by lessors over 2012, with the last one deregistered on December 28, 2012.
DGCA sources say other aircraft lessors are desperate to reclaim their aircraft but cannot do so as the airline has cannibalised them, rendering them non-airworthy.
"Lessors are waiting for the remaining planes to get back into serviceable shape before taking them back. If they had the choice, they would have already done it," officials at the Directorate General of Civil Aviation told ET. KF Turbo Leasing, KF Aero and Plateau Aviation Ltd are the leasing companies that reclaimed aircraft last year. Meanwhile, the world's leading aircraft lessor International Lease Finance Corp (ILFC) has also applied for deregistering two of its planes. ILFC had leased four Airbus 320 and one Airbus 321 (total five) aircraft to Kingfisher
http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-in-cage-no-cash-and-now-it-has-no-jets-to-fly/articleshow/18508561.cms
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