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HindustanTimes Thu,02 Oct 2014

Return KFA's 'hostage jets'

Reuters  Orlando, Florida, March 14, 2013
First Published: 21:58 IST(14/3/2013) | Last Updated: 22:00 IST(14/3/2013)

The head of aircraft finance giant International Lease Finance Corp urged India on Wednesday to release six passenger jets held "hostage" by a bureaucratic dispute after struggling Kingfisher failed to pay for them.

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ILFC had warned in January that a failure to return leased airplanes to their true owners when airlines cannot pay their bills could put India's aviation growth at risk.

According to US-based ILFC, the Delhi High Court ruled last month that ILFC could have access to its aircraft to ensure they can be refurbished and maintained.

But ILFC CEO Henri Courpron said the situation on the ground remained unresolved.


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