06 November 2008

Kingfisher in default to GECAS?

Well its ending in tears in India. GECAS and Kingfisher are in court fighting over the terms of a lease for 4 A320s. The details are not clear. GECAS says the Indian Airline is in default. Kingfisher says the US company is being unreasonable and they are discussing terms for the return of the aircraft.

The bloodbath that occurred during Q2 and Q3 in India as a result of the high Oil prices is now coming home to roost.

Kingfisher is deferring expansion plans and has recently signed a deal with Jet Airways to coordinate schedules.

I wonder what will happen when Kingfisher has to take the A380?


No comments: