ILFC Warns India About 'Hostage' Aircraft

The CEO of lessor ILFC has warned India that it will struggle to access aviation finance or rent new aircraft if it continues to hold aircraft “hostage”. ILFC wants to repossess six of its aircraft from grounded Kingfisher Airlines, but cannot fly them out of the country without permission of air authorities. Despite a court order, the aircraft have still not been cleared to depart Indian tarmac as Kingfisher’s creditors, which include airport authorities, are thought to be using them as leverage.

TAGS: Airlines
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