Facing obstacles in exporting planes leased to Kingfisher: ILFC


DELHI 

Kingfisher Airlines, which ceased operations late last year, had six
 leased aircrafts from ILFC at that time. Later, the US firm got all
of them de-registered and exported three aircrafts

International Lease Finance Corp. (ILFC) has said it is facing “bureaucratic and regulatory obstacles” in exporting the remaining three aircraft that were leased to now grounded Kingfisher Airlines.

US-headquartered ILFC is a leading player in the leasing and re-marketing of aircraft to commercial airlines. Vijay Mallya-led Kingfisher Airlines, which ceased operations late last year, had six leased aircrafts from ILFC at that time. Later, the American firm got all of them de-registered and exported three aircrafts.

However, it is facing hurdles in taking the remaining three out of India. “… we are experiencing difficulties in exporting the remaining three aircraft as a result of bureaucratic and regulatory obstacles. The aircraft remaining in India have been removed from Kingfisher Airlines’ possession,” the firm said in a recent filing to the US market regulator SEC.

Full report here Mint 

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