PPRuNe Forums - View Single Post - Kingfisher - whats their game plan
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Old 20th Feb 2012, 19:51
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Towerman
 
Join Date: Jan 2004
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The only thing that is keeping KF alive is VJ's status as MP and influence on Govt Policy. All lenders and Lessors are in arrears and would love to repossess but fear the obstacles that would be raised if the aircraft recovery is deemed to be a repossession. One German Bank "repossessed" 2 aircraft last month and the DGCA immediately deregistered them so that the Bank could not fly them out.

Other lenders have found that their aircraft are in bits, robbed parts or engines in overhaul shops with large amounts of unpaid bills so the aircraft need to be rebuilt before they can be flown out.
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