Kingfisher Aircraft

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  Tax Department To Auction Vijay Mallya's Aircraft Next Month

  The Service Tax Department will next month auction liquor baron Vijay Mallya's corporate jet of the now-defunct Kingfisher Airlines to recover dues of Rs 535 crore.

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  Vijay Mallya Case: Debt Recovery Tribunal Asks Airbus To Deposit Rs 192.51 Crore

  The Debt Recovery Tribunal directed European aircraft manufacturer Airbus to deposit with it Rs 192.51 crore toward pre-delivery payment made by a consortium of banks for purchase of planes by now defunct Kingfisher Airlines controlled by Vijay Mallya.

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  High Court Paves Way For Fresh Auction Of Vijay Mallya's Plane

  The Bombay High Court today allowed a company, which had claimed to have won the auction for the fugitive industrialist Vijay Mallya's luxury jet for Rs 27.39 crore, to withdraw its bid paving the way for a fresh auction.

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  Vijay Mallya's Luxury Jet Awaits A Buyer

  Waiting to be auctioned off by tax authorities for recovery of their dues, beleaguered businessman Vijay Mallya's private luxury jet is reminiscent of his high-flying days - interspersed with plush sofas, a cushioned bed, bars, showers and even a bathrobe.

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  Auction Of Vijay Mallya's Private Jet Deferred: Report

  The Service Tax Department has deferred the auction of liquor baron Vijay Mallya's private jet to recover dues of Rs 535 crore to June 29-30, after just one potential bidder showed interest, an official said.

• GMR's unit seeks nod to repair 14 grounded Kingfisher aircraft

  The aircraft (7 ATRs and 7 Air Bus 320) were grounded in various airports of Delhi, Chennai, Bengaluru and Kolkata due to operational problems and subsequent financial crisis faced by the airlines.

• Approval sought for repair of Kingfisher aircraft

  MAS GMR Aero Technic Ltd, a unit in GMR's Aviation SEZ at Rajiv Gandhi International Airport, has sought Commerce Ministry's permission to carry out repair works on 14 aircraft once operated by Kingfisher Airlines and make them in flying condition.

• Delhi High Court tells DGCA to deregister two aircraft leased to Kingfisher Airlines

  Citing a previous judgement on the issue, the court said the DGCA cannot withhold the deregistration of the aircraft on the ground that the airlines owe money to the government and its agencies.

• Cautious approach towards Indian carriers by leasing cos: CAPA

  The court battle among airport operators, tax authorities and Kingfisher Airlines' lessors over repossession of its planes may have a negative impact on other Indian carriers leasing aircraft from global leasing companies, a leading aviation consultancy firm has said.

• Aviation regulator allows lessors to retrieve Kingfisher planes

  Plane lessors will be allowed to retrieve most of the deregistered aircraft they leased to grounded Kingfisher Airlines, the aviation regulator said on Tuesday, easing worries that a dispute with global financiers might hurt other Indian carriers.

• Aviation regulator paves way for return of leased Kingfisher planes

  Aviation regulator DGCA has said it has deregistered 15 aircraft operated by Kingfisher Airlines paving the way for global leasing companies to take them back and easing worries that the dispute might hurt purchases by other Indian carriers.

• Aircraft lessor ILFC gets one plane back in Kingfisher dispute

  Aircraft lessor International Lease Finance Corp said on Monday it had successfully removed one of six aircraft stranded in India by a dispute over the suspension of operations at Kingfisher Airlines.

• Airport authority to follow aviation ministry directive on releasing Kingfisher aircraft

  V.P. Agrawal, chairman of AAI, said India will also have to honour the international convention for releasing captive aircraft.

• Airbus upbeat on India demand despite airline woes

  Airbus is sticking to upbeat forecasts for aircraft demand in India in the face of financial woes creeping across its airline sector, the European plane maker's sales chief said on Monday.

• Kingfisher woes could hit funding for other Indian airlines: DVB Bank

  India could be "shut out" of the market for aircraft finance if carriers such as troubled Kingfisher Airlines fail to return planes they cannot pay for, a senior banker told Reuters on Wednesday.