Aircraft lessor International Lease Finance Corp cannot remove 2-3 aircraft leased to Kingfisher Airlines
On Monday, ILFC had successfully removed one of the six aircraft stranded in India by a dispute over the suspension of operations at Kingfisher Airlines. It still has five A320 jets in India.
India will release most of the 17 de-registered leased planes operated by grounded Kingfisher, Director General of Civil Aviation Arun Mishra told reporters.
Kingfisher, controlled by liquor baron Vijay Mallya, has been halted due to a cash crunch. Lenders are trying to recover $1.4 billion of loans in default, but disagreements over who should take precedence have left jets stranded.