Lessors to Face Hurdles to Recover Kingfisher Jets



The Oman Tribune reported, citing government minutes, that Indian airports have claimed international law must take a back seat to local courts in a dispute with foreign aircraft leasing firms over the future of grounded Kingfisher Airlines jets.

The Tribune noted that efforts by foreign lessors to repossess over a dozen Airbus jets parked at airports around India have been hampered by disputes over competing claims and confusion over the power of international agreements to trump local courts.

Previously on monitordaily: Kingfisher Suspension Impacting Global Leasing Sector, March 28, 2013

To read the Oman Tribune report click here.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

No tags available

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com