rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » DGCA paves way for return of leased Kingfisher planes

DGCA paves way for return of leased Kingfisher planes

Last updated on: March 26, 2013 14:28 IST

KingfisherAviation regulator Directorate General of Civil Aviation said it has deregistered 15 aircraft operated by Kingfisher Airlines, paving the way for global leasing companies to take them back and easing worries that the dispute might hurt purchases by other Indian carriers.

Arun Mishra, director general of civil aviation, also said the regulator would meet tax officials and airport operators on Tuesday to discuss issues related to other planes leased by Kingfisher, whose aircraft have been grounded for months by a cash crunch.

Aircraft lessor International Lease Finance Corp said on Monday it had successfully removed one of six aircraft stranded in India by the dispute over the suspension of operations at Kingfisher Airlines.

Kingfisher has another 15 leased planes, besides 10 it owns, said V P Agrawal, chairman of the Airports Authority of India.

(Reporting by Anurag Kotoky; Writing by Ranjit Gangadharan; Editing by Clarence Fernandez)

Source:
© Copyright 2013 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.