Tuesday, February 19, 2013

Exclusive! Fate of KFA aircraft hangs in balance

Neelam Mathews
Feb 19, 2013
The fate of 40 leased Kingfisher Airlines aircraft parked at numerous airports in India, is to be decided on Feb 21 at a meeting with the aviation secretary, AAI chairman  V. P Agarwal told AerospaceDiary today.
He said the reputation of India could be at stake with lessors losing trust (in the country's legal machinery as many were covered under the Cape Town Convention). "These aircraft cannot be detained," said Agarwal.
"There are some aircraft (parked) because of non payment of Service Tax , at some places the JV partners are not allowing them to be released......," he added.
Kingfisher has given "no concrete proposal to us  on payment of dues, that are over INR 390 crores, Agarwal explained. We are asking for a firm commitment for payment to be done....We already have an INR 117crores  bounced cheque that cannot be cashed...they have to give (us) guarantee."

No comments:

Post a Comment