NEW DELHI, March 26 Aircraft lessor
International Lease Finance Corp cannot remove 2-3
aircraft leased to Kingfisher Airlines until an
ongoing litigation is over, India's aviation regulator said on
On Monday, ILFC had successfully removed one of the six
aircraft stranded in India by a dispute over the suspension of
operations at Kingfisher Airlines. It still has five A320 jets
India will release most of the 17 de-registered leased
planes operated by grounded Kingfisher, Director General of
Civil Aviation Arun Mishra told reporters.
Kingfisher, controlled by liquor baron Vijay Mallya, has
been halted due to a cash crunch. Lenders are trying to recover
$1.4 billion of loans in default, but disagreements over who
should take precedence have left jets stranded.